When you manage a shopping center, the things constantly happening in and around the property must be kept under control. The typical retail property is like a large ‘ship’ or tourist vessel, where events are happening on a daily basis. (N.B. these ideas are also sent out to regularly to our friends in Commercial Real…
The management of a retail shopping center is quite special given that there are many things to monitor and address. Each day there will be issues with tenants, customers, and contractors. There will be financial and physical matters to control and optimize. So a good reporting system will help you stay on top of the…
The retail tenant prospecting process in commercial real estate brokerage is quite unique and special. The retail section of the property market requires understanding and dedicated focus if a reasonable income is to be extracted from sales and leasing activity. So let’s look at some ways to do that and how you can get involved…
When you work in shopping centre leasing today, there are many different factors of performance to track within the shopping centre and within the tenancy mix. Stay on top of issues and future leasing opportunities. Things change when it comes to vacancy factors, rental charges, and lease conditions. When your commission and income comes…
A successful retail shopping centre will feature a good selection of tenants that are carefully matched to the customer profile and the location. Within the tenancy mix those tenancies as retailers will be placed in clusters to create sales opportunity and vibrancy. The retail vibrancy is something that encourages sales and customer interest. The tenancy…
The shopping centre performance today is quite special and needs to be respected as such. A small error in the performance plan for the property can result in sales decline and an increase in vacancies. That can then flow through to the investment in many different ways. So what can you do? The requirements of…
Every retail shopping center should have a defined and active customer service program to help shoppers and tenants alike. Many things happen in a shopping center each day. The greater the number of tenants in the property, the greater the potential is for customer problems and issues. You want to make it easier for tenants…
In any retail property today there will be plenty of issues and pressures impacting occupancy. Landlords typically want to minimise the impact of vacancies and the tenants want to have a successful occupancy where they can improve business results and sales. It stands to reason that there are some specialised tenant mix leasing services that…
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…
A shopping mall is a vibrant and demanding type of property to manage as many of us know (for the right reasons, I hope). Property performance is established, monitored, and changed through all-encompassing multiple levels of property control and planning. That is where the retail center manager and the leasing strategist for the property are…
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