In commercial real estate brokerage, you can and should focus your prospecting and marketing efforts specifically within a niche segment of investors and business owners. You do need to work with both groups given that they are impacted by property change and churn. (N.B. these ideas are also sent out to regularly to our friends…
Don’t take a vacant tenancy to the property market without a clear understanding of the rental market facts for the location and the property type. Whilst it sounds a logical process, you can get caught out by the real market facts. The concept gets more complicated when you are working a property in a new…
The leasing part of the commercial real estate industry is quite special in a number of different ways. You can work with the tenants, landlords, investors, and or large business owners. The leasing side of what we do will have an impact on all stakeholders. It is up to you to decide exactly who and…
In commercial real estate today all agents and brokers should have a specific prospecting model that drills into a location for enquiry and opportunity. The rule here is that the location should be precise and defined. Don’t spread yourself too far across a large area when it comes to prospecting for new business and enquiry. …
A vacancy is a good thing in some investment properties today. An empty tenancy space or upcoming vacancy will give you the chance to change or upgrade things within the property. It will also give you the opportunity to move businesses and tenancies around into alternative locations. Vacancy management is a real strategy and a…
If you want a reasonably successful time in commercial real estate brokerage, then build your business around clients and client services. Match your skills to the requirements of the clients today and the pressures of your property market. Focus on controlling good quality listing stock; in that way people have to come to you with…
In commercial real estate property management and or leasing, you can develop a comprehensive lease file so that you can track individual tenancy issues and tenancy movements within a property. That is how you can help your clients as investors and or business owners; that is also how you can find some extra commissions. Your…
From a commercial real estate brokerage point of view, the leasing part of the property market is offering some real momentum this year in various global regions. As businesses build momentum for the year, some cities across SE Asia are reporting good take up of vacant space. There are pockets of opportunity for the astute…
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,…
As a commercial real estate agent specialising in leasing and property management, you should talk frankly and directly with landlords about the prevailing market conditions. Be honest and confident when it comes to providing recommendations and strategies relating to solving vacancy issues, improving market rentals, and changing the tenancy mix. It should be said that…
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