As the retail shopping environment changes and people shop both online and personally, the traditional shopping centre will not go away, but the tenant mix balance and clustering of merchandise groups will change with that.
Today, this video will help you with seeing and planning the tenant change issues, and then adjust to what is coming up in your location and with your retail property. Catch the video right here.
People that choose to become commercial property managers should respect the need for specialised knowledge and control in the job. There are plenty of commercial property management things to learn over time and with all property types. What are the things to think about here? It is a focused career of real estate opportunity and it…
When you work as an agent specialising in commercial real estate, you should always be on the lookout for opportunities to work with different client types and in a variety of property situations. One of those can be from the leasing side of our industry. It is in undertaking tenant advocacy work for larger local…
Every commercial property should be managed and optimised to a plan. This is in fact, a business plan or version of it and it is to be prepared by property managers. It should be prepared once a year and just before the commencement of the financial period to which the building performs. It should be monitored…
When leasing and managing a retail shopping center today, you need a source of good tenants to underpin your tenancy mix and vacancy profile. Many retail tenants come and go from the property as part of the typical tenancy mix churn. There is no point in waiting for a vacancy in your tenancy mix. It pays…
Many landlords view a franchise as either a chain store tenant or an independent operator – a perception that can cause problems in franchise lease negotiations. To understand the key issues, start by examining the concept of franchising. Why are Franchises Successful? What is it about this business strategy that has made it so successful?…
When you manage commercial or retail real estate, you really do need to know what’s going on with the property every day of the week. Regular inspections and meetings with tenants will be part of that. In larger properties under management, many things can happen daily, challenging your organization and business skills. The diversity of the…
