When you have a retail shopping centre to lease or manage, there are many tenant and leasing issues to investigate. Finding a tenant to fill a vacancy is not just a matter of placing any tenant that can pay the rent; it is finding the right tenant that matches the property, the customer base, and…
A retail shopping centre is a unique investment property type that demands respect and specialisation from a sales and leasing perspective. The key people involved in retail properties are centre managers, leasing managers, landlords, and investors. They should work together on a plan when focusing on a retail property and its future. To ensure its…
In commercial real estate, particularly shopping centre management, the revenue streams you administer and monitor are crucial to the long-term performance of your property investment. Every vacancy that can or will exist in the property during the year will jeopardize the property’s value and the success of the remaining tenants. Vacancies do little to improve…
Introduction to Leasing Shops Welcome to the latest Commercial Real Estate Online podcast episode, where we delve into the art and science of managing and optimising tenant mix in retail shopping centres. As a commercial real estate investor or agent, you understand how important a well-curated tenant mix is for driving foot traffic, lowering vacancy…
One way to improve a retail shopping centre is through rental optimisation. That is the rent paid by the tenant(s) and the total for the property throughout the year. If more rent can be produced, then that reflects better occupancy, better tenants, and customer interest and purchasing patterns. Without addressing the tenant mix and occupancy…
Clustering your retail tenants in a shopping centre can significantly help customer attraction and sales. This reduces the possibility of vacancy and improves rental collections. That is a good formula. Typical retail shopping centres are constantly changing their tenant offerings and positioning. In any large, thriving retail shopping center, tenants will be moved around when…
When you have a shopping center to lease or some retail property vacancies, your working plan or new business blueprint will be critical to progress. Simply put, you should know and engage with many retailers and local business people. Here is a plan to help you with that. What is the target of retail shop…
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…
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