When you lease a retail property and particularly a retail shopping mall or shopping centre, it is critical that you understand and optimise the tenant mix for the property. A good tenant mix will help you with tenant sales, repeat customers to the property and much more. It should be said that a successful retail…
If you are involved in the management or the leasing of a commercial or retail property, you will frequently come across the need to assess market rentals and market rent reviews. Here are some tips from our Newsletter…. Market rental structures are quite special and by definition are set by the trends of the market…
There are lots of properties for lease in this market. Contrary to popular opinion, that’s a good thing. It gives commercial real estate agents many properties to work with and list. The only problem that arises is in finding the tenants. The value of a tenant and a quality tenant enquiry in this property market…
Anchor tenants provide real benefits to a retail property. The fact of the matter is that the choice of a retail tenant is likely to make or break the overall performance of retail properties. When you own, lease, or manage a shopping centre or large retail property with an anchor tenant, it is imperative that…
In commercial and retail property today, the most successful commercial real estate agents specialize in a particular niche area or property type. In many cases, they will specialize in both. This is because specialization allows you to provide real market knowledge and a dedicated focus to the property and the client. Every property type will…
In commercial real estate today there are many leads and opportunities that can be propagated from a simple client interaction. One thing can lead to another and that is how you can build your real estate market share. The fact of the matter is that every sales and leasing executive in your real estate office…
In commercial and retail property today, franchise type tenants offer a real advantage to the landlord’s owning the investment properties. These franchise groups or tenants provide an established business model and in many respects proven tenants that can operate a business successfully. When it comes to investment property performance, this is a very good thing. …
A market rent is not just any old rent, it is one that has been established in today’s property market and it 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…
In these difficult economic times you need a perfect leasing strategy to keep the rental income for the commercial or retail property strong and stable. What you do not want today is the threat of higher property vacancies and pressures from competing properties. The gross income for your property should be optimised and the expenditure…
In commercial real estate, the renegotiation of a lease provides efficiencies in income stability and market rental. This is where an experienced commercial real estate agent can offer specialist experience and market knowledge to the clients that they serve. Lease renegotiation is therefore a special service that can be provided by agents in an ongoing…
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