Shopping centres are complex property investment models. They require understanding and commitment on the part of the property owner and the property manager. As part of operating a shopping centre there are factors of renovation and presentation to consider and merge into the property business plan and tenant mix strategy. Failure to do so will…
The fee setting process in commercial or retail property management is not just a matter of using a percentage of passing income from the property. There are many other things to consider in establishing the right property management fees for the property and the client that you act for. All properties are different as are…
In commercial property management, the practice of undertaking routine inspections is a very important part of the property control process. In that way you can understand how the property is performing for the tenants, the landlord, and any visitors to the premises. So let’s say that you have a number of properties, each of them…
Franchise tenants are a solid and successful part of the commercial and retail property industry. Every commercial or retail real estate agent should be networking and prospecting the franchise groups for opportunity. On a regular basis, franchise groups will require property for expansion or change of business. It should be said that these groups are…
In commercial or retail property today, you should have some systems to help you qualify the tenants that you are working with. Don’t be too eager to hand out property information without understanding who you’re talking to, and exactly what they are looking for when it comes to a new property or lease requirement. Given…
The function and focus on a shopping centre should be on the future it provides for both the landlord and the tenants. That being said, certain categories come to mind as quite important to property operations and performance. Planning outgoings and operational costs is a big part of that. That is why you need a…
The fees for a professional commercial property management service can be difficult to set given that you really do not fully know the demands of the property or the client when the fee is under negotiation. Commonly you will find that a property will take far more time and effort from the property manager than…
In commercial or retail property management, the reconciliation of outgoings will be an important financial activity for the property manager and the landlord at least once per year. In that way you will know how you are tracking when it comes to gross and net income within the performance of the property. Let’s assume that…
The process of marketing a retail shopping centre today needs to be well considered and planned. Every year the plan needs to be reviewed and upgraded for the pressures of the market and the tenancy mix. The plan modification should occur as part of the business plan upgrade for the tenancy mix and the landlord….
In any retail property today, the tenant mix will largely impact the property performance and the income base. If you neglect the tenant mix or occupancy issues, the rental and the vacancy factors in a property will quite likely change for the worse. It is a known fact that a retail property is much more…
We like Commercial Real Estate and hope you do too! Join us here for free resources and updates for agents & brokers worldwide.
We will never share your information.
