In retail shopping centre management today the presentation and appearance of the retail property in the eyes of both the tenants and the customers will be a fundamental fact that will influence sales and future rental potential. Ultimately everything of an ‘appearance’ nature is linked. There is no other investment property type quite like it. …
When you are involved in retail property leasing and management, the success of the retail tenant mix really depends on setting the right priorities in annual property planning. Each year the tenant placement and leasing strategy for the asset should involve a few key decisions to match the investment targets of the landlord and the…
When you manage a commercial property, there are lots of things to watch and track. Failure to do so will see problems develop. The larger the property and the tenant mix that you manage, the greater the number of things to monitor. Most particularly some of the bigger things that bring issues to you will…
Larger shopping centres should feature a customer service station within the common area. This is to assist customers with any needs or challenges when it comes to visiting the property or finding the right tenant. The customer service station will usually be a booth strategically positioned within the central common area where most shoppers and…
When you manage and lease shopping centers, the inspection process is a regular daily event. Given the number of tenants and customers moving through a property on an average trading day, there are lots if issues to monitor including risk and liability. Most shopping centers will have a ‘Maintenance Manager’ and perhaps a small team…
The managing of a retail shopping center is a challenging process. There are many things to do every day, not the least of which will be retail property performance and maintenance. The higher property use factors that apply to any retail property mean that maintenance will be higher in many respects; wear and tear, together…
As retail real estate managers and leasing specialists we can add considerable professional value to a shopping center renovation. We can take to the project a deep and complex knowledge of desirable tenant mix changes, lease management and rental income opportunities. So how can you as a real estate broker approach the retail property renovation…
Operational costs and outgoings in a shopping centre can be very high when you compare them to office and industrial property. They will also have significant impact on rental returns for the landlord. Retail Property Managers should plan their outgoings budgets well. When you look at the overall costs to run a retail property, there…
Managing a Shopping Center is a special process. The larger the property, the more complex and detailed the process. Only the best property managers with the required experience should take on the task. Special tools and systems are required for retail property control and tenant optimisation. Consider the average shopping center in any town or…
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