The leasing and management processes in a Shopping Centre are quite complicated. That is because the property success depends on the tenant mix and the customer requirements. Every tenant that is chosen for the property should be selected on the basis of a clear match to the customer shopping patterns and the prevailing tenant mix…
When it comes to leasing commercial real estate today, some landlords have little real understanding of all the leasing facts and issues in the market. Whilst they may think they comprehend market rent and rental evidence, the real situation is commonly that they will not have the up to date facts of tenant enquiry and…
In commercial real estate leasing and property management, you should expect to have a few vacancies each year in the tenancy mix. Allow for a certain number of vacant tenancies and adjust your property performance accordingly. It is interesting to note that aging properties will have a rising vacancy factor; the only way you can…
In commercial or retail real estate today, the leasing opportunities remain active and diverse. Quality properties will be of greater attraction to most tenants due to quality of improvements and location. Services and amenities will also have something to do with the needs and choices of tenants as they look to relocate. As agents we…
When you manage or lease commercial investment property it is critical that you stay well connected with the tenants in the property. In this way, you can keep the landlord briefed on property issues and challenges of occupancy. Given that the commercial or retail property market can be a challenge at the moment, the tenant…
When the commercial real estate sales market gets a bit slow, it is the leasing market that can fill in the gaps in your commissions. That being said, you do need quality listings at all times when it comes to leasing activity and properties that attract tenants. When an agent tells me that things are…
In this commercial property market, there are plenty of leasing opportunities for us agents to work on. When there are many vacancies, you have some good stock to choose from. Pitching and presenting for those listings becomes crucial to our craft and real estate profession. Quality stock should be your focus today because you will…
A leasing slump can be challenging in commercial and retail real estate. Invariably, in a leasing slump, you will find an abundance of vacant tenancies and little enquiry coming your way. Deals are slower and more challenging to assemble (or so it seems). There is a good thing about this leasing market downturn: We will…
The leasing of commercial and retail property is a job for experts. If you are making the most of your leasing opportunities in your local property market as a real estate agent, listings and commissions should be easy to attract. That being said you do need tenants and landlords to work with. Contacts are everything…
When it comes to leasing a commercial or retail property today, it pays to be frank and honest with the client about the market conditions and where their property sits currently. In most locations, there is an abundance of property for the tenants of today to choose from. On that basis, every vacant tenancy should…
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