When you are about to manage or lease a shopping centre, you have to start the process somewhere, usually the tenancy mix leases. From that, you can see the weaknesses of the property income streams and address them quickly. Shopping centre performance is intricately connected, with tenants, customers, landlords, and property functions all playing a…
In commercial property management you can easily get ‘swamped’ by daily issues and events. Every day you can be busy day doing things that really don’t matter in the scheme of things. Yes, I know that you have client and property issues to attend to, but the real focus here should be on selective control. …
When you manage, lease, or own a retail shopping center, the property evaluation process is quite important. Each year as part of the property business plan you can update the property review and see what has changed. (NB – you can get our retail and commercial property training here) You can see where things may…
Most retail shopping centres today are complex, active, and challenging. There are many things to work through and control in an ongoing way. A successful shopping centre will usually be a fine balance between tenant occupancy, income generation, customer service, and marketing. A shopping centre manager is the person to create that balance. The landlord…
The commercial property management process can be quite special, and certainly so when you are involved with a complex office building or retail shopping center. I have given you a chart here to understand matters. There are many things to think about and cover over a working week and a monthly reporting period. The clients…
When you manage large commercial or retail buildings there are many important issues to consider as part of creating the annual property management budgets. A good budget process will give you a reasonable level of asset control and help you with property decisions through the year. Your clients as landlords need to see what you…
A shopping mall is a vibrant and demanding type of property to manage as many of us know (for the right reasons, I hope). Property performance is established, monitored, and changed through all-encompassing multiple levels of property control and planning. That is where the retail center manager and the leasing strategist for the property are…
The function and focus on a shopping centre should be on the future it provides for both the landlord and the tenants. That being said, certain categories come to mind as quite important to property operations and performance. Planning outgoings and operational costs is a big part of that. That is why you need a…
When it comes to managing commercial property today, the budgeting process is quite important. When you establish a budget correctly, it can help you as the property manager and also the landlord direct and control the income and expenditure for the asset throughout the financial year. So this financial control process is really suitable for…
Many landlords are too focused on income and rent growth as part of owning a commercial property. The important issue in this property market is getting a tenant that can bring stability to a property. When vacancies are generally plentiful, the number of properties that tenants have to choose from is quite high. That is…
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