In commercial real estate leasing, you can drive some valuable commission and listing opportunities your way if you specialize in a location and a property type. Leasing requires a good working knowledge at a personal level of rents, vacancies, and leases. Across all those factors, you must also know a good number of tenants and…
In commercial real estate brokerage, you can and should develop a detailed leasing plan and solution for your exclusive listings and the associated clients. So, who are your clients? Are you working for tenants, landlords, developers, or perhaps all the aforementioned? Make sure you set firm targets on your specific client types. Know who they…
Think about all the opportunities for lease renegotiation in your location. There are plenty of buildings and tenants in your territory where you can provide specific lease assistance. Landlords and tenants all require specialised help. Leases need to be renegotiated at the end of the term or at times when the landlord and/or tenant adjustment…
If you are to be part of a successful commercial real estate brokerage from a leasing perspective and convert more commissions over time, you will need to establish some professional services and points of focus to attract the tenants to your business over that of your competitors. When you have plenty of tenants to talk…
In every commercial or retail property you have to watch the vacancy levels in the asset and formulate plans early to resolve or counteract vacancies that may be coming up. The landlord as your client does not need a declining income return or a threat of increasing vacancy. What can you do? So you have…
In commercial real estate leasing, you need a large database of tenants. Without that foundational fact supporting you, it is very hard to get traction in leasing premises locally. Talk to tenants daily and systemize the process so you are working the streets, buildings, and business types. You have to be perceptive and direct in…
The leasing part of the commercial property industry is usually is a very lucrative segment of activity around which you can build a career. Businesses locally are always looking to change premises and move for various reasons; the more significant the city or town, the greater the number of businesses to focus on within that…
A lot of agents and brokers start their career in commercial real estate leasing before moving to property sales and other project work. The logic does work because it gives newer people to the industry a chance to build skill levels and local property knowledge. There are differences in commission between leasing and sales activity,…
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