Shopping Centre Management Skills Resources by John Highman
The retail shopping landscape is changing without a doubt. The internet significantly impacts how people shop and what they want when they visit a shopping mall. Tenant retention and leasing strategies are important to property investment performance. Here are ways to do that. Shopping centre and leasing managers face an ongoing strategic challenge with retail…
Most commercial and retail property managers are extremely busy on most working days. Why is that? They must deal with many things across lease occupancy, tenancy mix, maintenance, and risk management daily across many buildings. Despite the pressure, they must meet the needs of tenants, landlords, and authorities. Errors can be made if controls and…
A retail shopping centre can be a complex investment property to manage and lease over time. That then requires specialised centre managers and an ownership strategy incorporating changes in market activity and retail focus. Retail shopping today has changed significantly over recent years and will continue to do so. As online shopping tends to shape…
One way to improve a retail shopping centre is through rental optimisation. That is the rent paid by the tenant(s) and the total for the property throughout the year. If more rent can be produced, then that reflects better occupancy, better tenants, and customer interest and purchasing patterns. Without addressing the tenant mix and occupancy…
The performance of retail properties and shopping centers is constantly under pressure. This is because there are always plenty of tenants in a retail property, and rental income varies greatly depending on the tenant mix. Tenants may be subjected to business or occupancy pressures. A “game plan” is a good idea for shopping centre managers…
A shopping centre today is a popular type of property investment. Even with the changes to the internet and shopping patterns with consumers, retail shopping centres are a popular choice with experienced investors. Every shopping centre manager should have a ‘game plan’ for managing and leasing retail properties that they are involved with. Let’s look…
You may wonder how to set your fees if you are a real estate agent offering commercial, industrial, and retail property management services. Every property is different, and the requirements of each property management approach should be tuned to satisfy the clients and the property demands. What is your fee structure and schedule in property…
If you are running a shopping centre, you know how important it is to keep track of your performance and identify areas for improvement. Those areas would include tenant mix, leasing, income optimisation, and maintenance planning. A shopping centre performance checklist is a tool that can help you do that. The checklist is part of…
When you manage a commercial or retail property, there are many things that you can do that will take you to another level with client services and agent performance. Potentially then winning more real estate clients or business. Don’t just collect the rent on a multi-tenanted property and talk to the tenants monthly. Go further…
Here is a video explaining the approach to shopping centre analysis. Always start your property analysis from the tenant base and look at occupancy issues as part of that. The decisions on the smaller speciality tenants come after the placement of the anchor tenants and the big tenants. They’ll be perfect for the empty storefronts…
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