When you have a vacancy to lease in a retail shop, don’t jump too quickly at the first tenant that comes along. The fact of the matter is that some checking is required and decisions should only be made when you know everything possible about the tenant and their intentions in occupation. Many a landlord…
When leasing a commercial property today, it is wise to consider the longer term impact of the rental structure and the lease cash flow. The only time to optimize the return for the landlord will be through the negotiation of the lease. Top leasing executives are therefore experts in rental improvement and tenant mix strategy. …
Retail leasing and particularly in shopping centers are specialised parts of our property industry. Those of us that know the processes would probably say that it is a most interesting part of the business. I would agree. Some retail leasing specialists make very large brokerage commissions because they are focusing on some if not all…
The leasing of commercial and retail properties can be boosted significantly by following some simple rules. The property market will always have properties to lease; it is simply a matter of matching tenants to properties. There are some effective strategies to do that. So let’s look at defining the leasing status of the property market…
Every quality retail shopping center should have a well-defined leasing strategy and tenant mix plan. To do otherwise would be foolhardy. A retail property is a vibrant and dynamic property asset by lease type and occupancy demand. Incorrect choices or lack of the right market information in a retail shopping center will directly flow through…
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…
When it comes to managing a shopping centre accurately and professionally, you need to be well prepared. There are many things to think about and control. The larger the property and the tenant mix, the busier you will be. It should be said that a retail shopping centre is perhaps the most interesting property type…
In a shopping centre today the tenant mix is really important to the attraction of customers to the property. The larger the property, the greater the challenge when it comes to placing tenants in the right locations and vacancies. In considering a tenant mix strategy, it should be said that many large and or modern…
From time to time you will get retail properties and shopping centres that have a rising vacancy problem. When this goes on for too long the vacant tenancy space becomes ‘stale’; the customers to the property get a message of property decline. Soon the customers to the property are shopping elsewhere. So the important lesson…
Managing a retail shopping center is a very special process. It requires the right leasing and property management specialists that understand all the key facts of the property type and the local area. Retail property requirements are more complex than those that apply to office and industrial property. If retail is a property type that…
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