In any town or city there will be a number of shopping centers serving the same customer base. The retail properties will be of different size and location. All of those retail properties will have leasing opportunities into the future. Real estate brokers and agents can get involved from a leasing and tenant mix opportunity. …
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…
In commercial real estate brokerage, there are plenty of opportunities to get commissions working as a tenants advocate. The facts of the matter are that larger companies in any town or city do not have the time, the desire, or the experience to understand the property market and the issues involved in changing premises. Eventually…
In commercial office buildings today, fit-outs can be complex and large, and that is certainly the case in high quality buildings within CBD locations. The Property Manager and the Center Management team should have rules and procedures in place to ensure that fit-out construction is controlled from the very beginning to the end. The Center…
If you have a bit to do with investment property leasing, particularly that with office or retail property, you will know the problems that can evolve with a new tenant entering a property after negotiating a lease and then undertaking fit-out works. Noise, dust, disruption, and inconvenience are all factors that come to mind. If…
It is a fact that a good marketing budget in a retail shopping center will help generate more customer visits to a retail property and potential sales for the tenants. It directly follows that a busy and successful tenant mix will underpin the market rental for the property and reduce the vacancy factor. The whole…
In shopping centres and in some stand-alone properties of a retail nature it is quite common to see a landlord use percentage rents as part of the lease structure with a tenant. The strategy is useful when a tenant is new to a property or if the property is new to a location such as…
In a retail shopping center the factors of leasing are critical to property performance. Retail tenants can come and go from a property and on that basis can dramatically impact property income. The property manager should have advanced leasing skills to solve the rental an income issues well in advance wherever possible. As a shopping…
As a commercial real estate leasing specialist you can bring some high quality services to your clients. Those services could be likened to a ‘toolbox’ approach, where you are providing a comprehensive set of leasing solutions and information relative to your local property market. The landlords and owners of high quality buildings deserve and expect…
In commercial real estate today, it is the case that many corporate tenants are looking for help when it comes to leasing decisions and property re-locations. That is where you can offer the specialised service as a tenants advocate; you can help the tenant find the right property in your town or city and negotiate…
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