Shopping Centre Management Skills Resources by John Highman
When you work with retail shopping centers from a leasing or management perspective, there are many things to look at and compare. Ideally, you want to stay ahead of the retail competition. Customer interest is a valuable factor to attract and maintain. So, where do you start with all of this? Do you have a…
Some retail shopping centers need refreshing and repackaging from time to time. That strategy and approach help when it comes to sustaining customer interest and attracting ongoing retail sales. The approach to shopping center repackaging can be merged into the retail business plan strategy for the property over time. It is worth remembering that a…
In most retail shopping centers today, competition is fierce between retailers and other retail properties. Property owners and tenants alike are chasing the retail customer. Ultimately, the sales opportunities for retail tenants and traders must be lifted and maintained in any Shopping Center. A plan and ongoing strategy is required on an annual basis. There…
When you take over a new property to manage, be it office industrial or retail, the methods of review and control that you adopt at the very beginning are critical to the end result. You have a lot of facts to gather, investigate and control. Think about the size of a property with its multiple…
Many a shopping center manager would know the challenges of specifying, tendering, and negotiating a cleaning contract in a shopping centre. There are many things to investigate and watch for as part of establishing the new contract. Without careful consideration errors can be made in expenditure and presentation that will impact the operations of the…
Commercial property management is not just about collecting the rent. It’s about looking for ‘issues’ and resolving them before they impact the property. Every property will have ‘issues’ for identification and resolve. That is where we ‘value add’. Landlord focus? Think about the landlords targets for just a moment. They are your client. What do…
The management of a retail shopping center is quite special given that there are many things to monitor and address. Each day there will be issues with tenants, customers, and contractors. There will be financial and physical matters to control and optimize. So a good reporting system will help you stay on top of the…
In commercial real estate today the activities of leasing and property management can help transform property performance over time. They are specialized services that you can and should build into your brokerage activities. So what can you do here with property performance? You can change the tenancy mix, you can change the tenants, and you…
To undertake a successful survey in a retail shopping center, it is wise to consider what you are wanting to achieve from the process. If you like, the process is where you should be starting with the end result in mind. Understand what you are wanting to know to help the property and its retail…
Finding the right retail tenants to lease shops within your shopping centre can be quite a special process. It is a matter of finding the right tenant for the location and the tenancy mix. Every shop is different; every shopping centre is unique. Your prospecting model for finding new tenants should be carefully crafted. When…
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