The process of managing a retail shopping center is quite special, and on that basis the experience and skills of the manager chosen for the property are very important. The shopping center manager can ‘make or break’ the performance of the property. So why is this so? You could say that the performance of a…
To successfully manage a retail shopping center, a good degree of knowledge and a lot of systems are required. Knowledge comes with time and systems come with experience; a good manager can do a lot for a retail property over time. A property manager taking on any retail shopping center should have the experience from…
When you manage a commercial property, there are lots of things to watch and track. Failure to do so will see problems develop. The larger the property and the tenant mix that you manage, the greater the number of things to monitor. Most particularly some of the bigger things that bring issues to you will…
It is a fact that tenants in a retail shopping center will talk among themselves and share comments about the property performance (or their perception of it). For this reason you as a Shopping Center Manager really do need to keep your tenants under control in a positive way; communication and information will help you…
I have been asked many times about just what a leasing agent should focus on when it comes to establishing market share. Newer agents generally think that having tenant enquiry and then satisfying it is the way to grow the leasing business; that however is not the case. If you chase around the property market…
When it comes to managing a commercial or retail property, the leases are the important factors that should be checked and reviewed for important things such as critical dates, lease options, and rent reviews. That can be done as part of the property handover and certainly that should be comprehensive and complete so that…
In any retail property the tenant management process is quite specific and special. The success of the tenants in any property will reflect in the stability of the tenant mix and the recovery of valuable market rental. So because of this it is easy to see that there is a link between tenants, the landlord,…
In commercial real estate leasing and property management, don’t let your tenants get out of control. The greater the number of properties that you manage, the harder this requirement will be to satisfy. The same problem occurs when it comes to the larger retail properties and shopping centres. It is a fact that the larger…
In commercial or retail real estate the tenant management process will help strengthen property cash flow and tenant mix. It therefore stands to reason that every well managed property should have a systemised tenant management process. The process itself should feature as part of a property management strategy provided by real estate brokers and agents….
In commercial property management and leasing, the leases and the tenants in a property are critical to the income cash flow for the landlord. You as the property manager must watch for the upcoming lease changes and renewals. They are called ‘critical dates’ and they should be tracked and actioned early or on time in…
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