Shopping Centre Management Skills Resources by John Highman
Anchor tenants provide real benefits to a retail property. The fact of the matter is that the choice of a retail tenant is likely to make or break the overall performance of retail properties. When you own, lease, or manage a shopping centre or large retail property with an anchor tenant, it is imperative that…
The marketing of a retail shopping centre is critical to helping the overall property performance, and encourage the tenant mix to thrive in sales and customers. Even in these tougher retail times, a small strip shopping centre should have a marketing plan, albeit simple and basic. The larger the retail property the more complex the…
It has been an interesting 12 months in commercial real estate agency this year. As we move into 2013 it is time to reflect on just where we have come from and decide where we are headed as agents. At the end of 2012 we can now reflect on the things that we should be…
It is easy to misunderstand commercial or retail property management and the important role that it can play in the performance of a property today. It is also easy to misunderstand or underestimate the importance of skill and knowledge when it comes to choosing the right person to be a property manager of important property. …
So many property managers graduate to commercial property from residential property. The fact of the matter is that the transition is very hard; the property type is different and the management style and requirements are quite unique. If this sounds like a challenge that you are going through or about to take on board, rest…
The skills required to manage any complex commercial and retail property are many. Far too many agent principals underestimate the quality of person that they should apply to a new property management appointment. Certainly, a junior unskilled property manager can learn the skills required, but getting the right quality of person to do the job…
When you start work as a commercial or retail property manager, the task can be confusing and challenging. This is particularly the case if you are migrating from residential property management. The commercial and retail property types require a different and more strategic focus; it’s not just a matter of collecting the rent monthly and…
When it comes to managing commercial property today, you should have a comprehensive property management agreement that correctly reflects the duties to be provided by the agency, and the interaction between the property manager and the landlord as the client. A correctly prepared property management services document will minimize any service difficulties and misunderstandings. Every…
In a commercial property market like ours today, property ownership and control become challenging. For this reason, your commercial and retail property managers become a key point of difference in your business. With the right marketing effort, your property managers can be a business opportunity for you and the brokerage team overall. All too often…
Commercial property management is a special field in the property industry. The same, if not more, can be said about retail property. The property managers who work on these property types should be well-chosen for their skills and/or training for the needed skills. Commercial Property Industry Averages? Far too many agencies employ people in property…
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