A shopping centre today is a popular type of property investment. Even with the changes to the internet and shopping patterns with consumers, retail shopping centres are a popular choice with experienced investors. Every shopping centre manager should have a ‘game plan’ for managing and leasing retail properties that they are involved with. Let’s look…
When you have a shopping centre to lease and manage, there are many factors to consider and things to balance. As the economy shifts and changes, so do customers’ spending patterns. Attracting customers to a shopping centre and then finding the right tenants for the long term is a delicate balance. Your success in doing…
A retail shopping centre is a particular type of investment property. If you manage, lease, or own a retail shopping centre, then the shaping of a marketing plan and its implementation will be crucial to the attraction of customers through the year and the tenants’ success for the longer term. All stakeholders in the property…
In shopping centre management and leasing, you have perhaps the most intense type of job with plenty of things going on every day. Time management and focus is important. Here are some methods of control to keep your business day organised in retail shopping centre management. What is the issue here? There are plenty of…
When you do a full shopping centre handover there are plenty of things that you have to investigate and question. That is especially the case if you are the new centre manager or the leasing person taking over the property for a new property owner. The larger the shopping centre the deeper the review and…
There are some key factors to watch and assess in shopping centre performance. Some of them are linked. There are also some stakeholders to the shopping centre performance process. A good shopping centre manager knows what to look for and shape over time when it comes to asset performance and the people involved. Rarely can…
To undertake a successful survey in a retail shopping center, it is wise to consider what you are wanting to achieve from the process. If you like, the process is where you should be starting with the end result in mind. Understand what you are wanting to know to help the property and its retail…
When you manage or lease a retail shopping centre you really do need to understand the prevailing market conditions, the property, and the level of competition around you. That means a regular and full review of tenancy activity, shopping centre demand, and future retail projects. Retail properties are impacted by some quite different key performance…
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…
In the shopping centre industry you have to know where most of your customers come from and why they visit your property. When you clearly define those facts you have something to work with when it comes to property marketing and tenant selection. That can then improve your tenant mix over time and ultimately help…
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