Shopping Centre Management Skills Resources by John Highman
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…
Rarely in the past have work models changed so quickly as in the last few years. The COVID-19 pandemic has accelerated the diffusion of remote and hybrid word models, as well as giving a boost to the gig economy. Both employers and workers are increasingly looking for flexibility and a new workplace that cultivates this…
When you have a shopping centre to lease and manage, there are many factors to consider and things to balance. As the economy shifts and changes, so do customers’ spending patterns. Attracting customers to a shopping centre and then finding the right tenants for the long term is a delicate balance. Your success in doing…
When listing a commercial or retail property for property management and or leasing services, there are many things to question, review, and gather information about. Essentially, every property will have unique factors of location, improvements, operations, tenant activity, risk, cash flow, and occupancy. Some property owners or previous property managers will not tell you everything…
The strategy for agents in commercial or retail property management is quite simple. In this market, it is about doing more for the client given the elements of the property and the prevailing market conditions. It is all about optimizing the performance of a property for the owner or client. When property managers forget about…
Clustering your retail tenants in a shopping centre can significantly help customer attraction and sales. This reduces the possibility of vacancy and improves rental collections. That is a good formula. Typical retail shopping centres are constantly changing their tenant offerings and positioning. In any large, thriving retail shopping center, tenants will be moved around when…
When you have a shopping center to lease or some retail property vacancies, your working plan or new business blueprint will be critical to progress. Simply put, you should know and engage with many retailers and local business people. Here is a plan to help you with that. What is the target of retail shop…
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