A shopping centre will be renovated much more frequently than office or industrial property. That is largely due to the pressures of customers and tenant use and the requirement to keep the property looking at its best for customers and visitors; hence increasing sales potential. It is quite common for different levels of renovation to…
A retail shopping centre is much more complex to manage than all other investment property types. When it comes to changing property manager and bringing a shopping centre into your real estate agency systems, this means that there are many things to cover. Accuracy is important to the process. The best way to do this…
Retail shopping centers are a very special part of our industry. I have been involved with lots of them (large and small) in so many different ways. I can say that the vibrancy and challenge of a shopping center is something to be worked with, and over time will bring out the very best in…
When you locate a new tenant in commercial or retail property leasing, it is essential that you have a tenant application process to check the integrity and suitability of the tenant to the property and the client. Some tenants are more suitable than others to the property and or the landlord’s investment plans. Look for…
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,…
Landlords in commercial real estate almost always need help leasing property. They don’t have the resources to attract tenants like a commercial property agent can. Therefore, landlords are a source of new business and commissions for any agent or broker. In saying all this, some landlords can be unrealistic in the leasing process; those landlords…
The process of retail shop leasing is specialised for all sorts of reasons. It is also a very unique and yet rewarding part of the property industry for agents to get involved. If you want to start leasing shops, do that based on providing comprehensive retail property services, that is, across sales, leasing, and…
Franchise tenants do offer massive marketing profile and leasing potential to an investment property. If you are looking to boost the tenant mix and leasing of your property, then a well-known brand franchise tenant may be one of the best ways to go. A property that attracts any franchise tenant occupancy will most likely attract…
Each month many shopping center managers and leasing professionals will need to do a report for their landlord clients. The monthly report is the opportunity to ensure that all current issues in the property are well documented and progressing. It pays to have a standard report layout that you can customise to apply to your…
A retail shopping centre is a complex investment type property that requires close monitoring and reporting. Many things can go wrong in a shopping centre that will have a big impact on property performance. If you compare the retail property type to that of office or industrial, the level of reporting and control in retail…
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