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 market rent is not just any old rent; it has been established in today’s property market and reflects an agreement between the parties that indicates true market conditions. Rents can be compared by property type and location. Special and unique properties will raise challenges because you will have little to compare to. Market intelligence…
In these changing economic times, you need a perfect leasing strategy to keep the rental income for the commercial or retail property solid and stable. What you do not want today is the threat of higher property vacancies and pressures from competing properties. Your property’s gross income should be optimised, and expenditures should be well…
In commercial real estate, renegotiation of a lease provides efficiencies in income stability and market rental. An experienced commercial real estate agent can offer specialist experience and market knowledge to the clients they serve. Lease renegotiation is, therefore, a special service that agents can provide on an ongoing basis. Given that the tenant and the…
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…
It is easy to misunderstand commercial or retail property management and the important role that it can play in a property’s performance today. It is also easy to misunderstand or underestimate the importance of skill and knowledge when it comes to choosing the right person to manage an important property. I conducted specialist workshops in the…
Automating your commercial real estate leasing services makes things much more accessible. Yes, many vacancies are available for lease today, yet that is another reason to automate your leasing services. You can provide high-quality leasing standards and track results as you talk to more landlords and tenants. So, what is leasing all about? It’s not…
When you manage or lease a commercial property, you should regularly report to the landlord (your client) to inform them about the local property market and the results of recent marketing efforts and inspections. A client landlord fully briefed about the local property market is more likely to negotiate realistically when a tenant is found…
When you work as a commercial property manager or retail shopping centre manager, the property management system you use for your clients should be optimised for each property’s requirements. This means that every property will have the unique controls and reports that a client requires. This is not for the ordinary client and will command…
Retail tenants are very different regarding leasing needs and property choices. They are more demanding and selective compared to office or industrial tenants. For this reason, we should and do have leasing specialists that relate to retail properties and understand the retail business. Stand-alone retail properties are quite easy to assess and compare to other…
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