When you manage and or lease a shopping centre, the vacancies in shop leasing can be a real drag on shopping centre performance and retail sales, particularly so over time. It takes time to boost shopping centre performance, and similarly so to remove leasing and tenant mix problems. Any current or upcoming shop vacancy in…
In retail property, some of the rents are large, and the leases are of high value. On that basis, it is a good leasing segment to work in and with from a brokerage perspective. You can be a specialist in retail property performance and growth or change. What can you do in the segment? There…
When you have a vacant shop in a shopping centre, it is time to put strategy and solutions together. Don’t tolerate a shop vacancy for too long, or preferably, remove it before it becomes vacant by pro-active leasing. There are things to think about and things to do. Forward plan your vacancy reductions and leasing…
There was so much interest in the recent commercial office leasing chart that I published last week online, that I have decided to also publish this special matrix checklist for retail shop leasing. If you get involved with tenants and leasing shopping centres, then this matrix chart is invaluable. It covers so many issues that…
Shopping centres are quite special in a number of ways when you consider the property management process. Information has to be gathered. Essentially the core issues of the property should be reviewed, identified and captured into an ongoing management process. By ‘core issues’, I am referring to the bigger issues such as lease facts, tenant…
When you work with retail shopping centers from a leasing or management perspective, there are many things to look at and compare. Ideally, you want to stay ahead of the retail competition. Customer interest is a valuable factor to attract and maintain. So, where do you start with all of this? Do you have a…
When you have a vacancy to fill in a retail shopping centre, you do need some effective and direct leasing strategies to pull in the right tenant enquiries in a timely way. It is not sufficient to just put an advert on the internet as part of a ‘hope and wait’ process. (NB – you…
Retail tenants run both small and large businesses, and most of them need appropriate premises to do that from. There will be parts of your local area that are better than others when it comes to retail trade; the same can be said to the location of particular properties. (N.B. these ideas are also sent…
A tenant mix will change quite a lot of things in investment property performance, be it in an office or retail property. A good tenant mix will support income and occupancy, whilst a poor mix will lift vacancy factors and upset rental returns. Tenant Mix Assessment So a property manager or leasing expert should be…
Vacancies in shop leasing can be a real drag on shopping centre performance and retail sales. Any current or upcoming shop vacancy in a tenant mix should be resolved quickly and directly. It is important that the customers to the property do not feel that there is an issue in occupancy and retail offering. …
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