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…
So, the equation to retail and shopping centre property performance goes a bit like this…. Strengthen the tenant mix so that all the demands of the customer base are encouraged and served with a variety of goods and services Attract customers to return to the property frequently for all of their retail shopping needs…
Any shopping center is or should be a busy place in many ways; the busier the better, to a large extent. Sales for tenants will improve providing that customers are attracted to the property. That should be the focus for the leasing manager and landlord or investor for the property. There are a number of…
When you work with retail shopping centers from a leasing or management perspective, there are many things to look at and compare. Ideally, you want to stay ahead of the retail competition. Customer interest is a valuable factor to attract and maintain. So, where do you start with all of this? Do you have a…
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 manage a shopping center, the things constantly happening in and around the property must be kept under control. The typical retail property is like a large ‘ship’ or tourist vessel, where events are happening on a daily basis. (N.B. these ideas are also sent out to regularly to our friends in Commercial Real…
You need an action plan in shopping center leasing if you are going to resolve a number of issues relating to property performance. Retail is very unique in property planning, marketing, tenant mix, and customer interaction. Leasing covers all of those issues. Over time you can improve the action plan to suit the performance targets…
Vacancies in shop leasing can be a real drag on shopping centre performance and retail sales. Any current or upcoming shop vacancy in a tenant mix should be resolved quickly and directly. It is important that the customers to the property do not feel that there is an issue in occupancy and retail offering. …
If you are involved with shopping centre management or leasing, it is important that you educate yourself specifically regards retail business activity and the differences between particular retail businesses in both customer profiles and potential levels of trade. In any retail economy, some businesses will thrive better than others and that will be due to…
The shopping centre segment of the retail property industry can be very competitive and complex. That is certainly the case when you have a number of properties competing for the same customers in the same overall location. Retail centre managers and leasing managers should be constantly aware of the trends in retail property performance for…
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