The managing of a retail shopping center is a challenging process. There are many things to do every day, not the least of which will be retail property performance and maintenance. The higher property use factors that apply to any retail property mean that maintenance will be higher in many respects; wear and tear, together…
The outgoings management process within a shopping centre is complex. The property type is diverse and on that basis the outgoings management process can be quite a challenge. That is why the budgeting of outgoings forms a significant part of the property business plan each year. The larger the property, the more complex the review…
If you specialise in retail shop leasing, you will need to know about shopping center characteristics for your area and what makes a retail property thrive. Not all shopping center properties are the same and the competition for customers is high. A regional retail shopping mall or center will have a big impact on surrounding…
The shopping centre marketing process is quite specific and will help the property and the tenants attract more ongoing business. Every successful shopping centre should have an established marketing program for each trading year. That marketing program should be merged into the business plan for the property, together with the necessary costs and campaign commitments….
When you manage a shopping center it is critical that a process of inspection occurs within the property on a regular and perhaps even a daily basis (depending on property size and operations). In doing that you should be looking for issues of potential property damage, danger, failure, or personal injury. The property should be…
If you have anything to do with the management and leasing of a shopping centre, you will understand the critical aspects of maintenance and cleaning. Every day there will be pressures applied to the property through tenancy usage and customer visits. The maintenance and cleaning aspects of the property should be well planned for this…
As a Real Estate Broker or Property Manager you should plan your retail shopping center renovations carefully for your clients and merge those plans into the business plan for the property. Each year the business plan should be updated based on tenant placement, income growth, and property performance. So there are lots of things that…
As retail real estate managers and leasing specialists we can add considerable professional value to a shopping center renovation. We can take to the project a deep and complex knowledge of desirable tenant mix changes, lease management and rental income opportunities. So how can you as a real estate broker approach the retail property renovation…
A shopping centre is a special place when it comes to tenant selection, leasing, and tenant placement. The tenancy mix within a shopping centre has to be balanced with the right businesses and product or service offerings. On that basis a retail leasing agent must have a good prospecting plan that taps into the right…
When you understand the local market trends in commercial real estate leasing you can do a lot with finding more tenants and closing on quality lease negotiations. Leasing activity underpins property investment and hence property sales. It stands to reason that a good leasing agent is always preparing the ‘ground’ for a great sale in…
End of content
End of content
