Shopping centre operational strategies are a fact of property investment performance today. Local people and customers need to shop, and attracting them is important. Most towns and cities have plenty of shopping centres to choose from, and that can create confusion. It is wise for you to have a shop leasing strategy or plan that…
Shopping centre leasing is a unique process. There are tenants to find but not just any tenants. It would be best to find the right tenants for the retail customer mix and the property performance targets. In this video today, we share some ideas regarding the types of tenants you can select for your shopping…
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…
When you have a vacancy to fill in a retail shopping centre, you do need some effective and direct leasing strategies to pull in the right tenant enquiries in a timely way. It is not sufficient to just put an advert on the internet as part of a ‘hope and wait’ process. (NB – you…
When a retail property, particularly a shopping center, has a vacancy, you really do need to be careful when finding a replacement tenant. Ultimately your tenant choice can impact the market rent for the property, the customers visiting on a regular basis, and the other tenants in the tenant mix. The right tenant chosen to…
The retail tenant prospecting process in commercial real estate brokerage is quite unique and special. The retail section of the property market requires understanding and dedicated focus if a reasonable income is to be extracted from sales and leasing activity. So let’s look at some ways to do that and how you can get involved…
In retail shopping centres you choose tenants based on business history and tenant types. Essentially you are choosing the best tenants to optimise property income and occupancy. If you have the right tenant mix then customers will keep coming back to the property over time. In retail that is what you want. Any high quality…
The retail leasing process is quite special for a number of reasons. If you work in retail leasing or shopping centre management then it is wise to fully understand the retail property market segment and the people that you are leasing space to. Retail is not like an office or industrial property; it is geared…
When you have a vacancy to lease in a retail shop, don’t jump too quickly at the first tenant who comes along. Some checking is required, and decisions should only be made when you know everything possible about the tenant and their intentions in occupation. Many landlords have suffered the financial impact of a poorly…
When you combine tenant types in a shopping center correctly, the tenant mix can be matched to the customers and increased sales can be the result. That’s how you will help make a shopping center successful. So let’s expand on that concept a bit further. To find the right tenants for a property it is…
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