A retail shopping centre is a unique property type and there are a few things to look at and understand if you are to take a retail property to the market in sales, leasing, or project activity.
Each of these three retail categories will give you trends to capture and monitor as part of your business activity. Know your local area and the other retail properties as part of that review. Most particularly you should be gathering all the facts and information around rentals, lease types, tenancy mix strategies, tenant sales turnover, and anchor tenants, occupancy costs, and vacancy factors. This retail market knowledge is invaluable when helping your clients.
In today’s podcast we help you identify the important facts of retail property performance and opportunity in working with landlords and tenants. Take these ideas and open up your retail shopping centre activities in brokerage: