Leasing and managing a retail shopping centre of any size today is challenging. Experience says that vacancies will happen in all retail properties, and some tenants will be more successful than others in trading. Of course, the retail shopping environment is changing and will continue to do so, given the impact of online shopping. Some…
Shopping malls are a dynamic and ever-changing property asset class. It is a highly sought-after asset class among seasoned investors. What is the attraction of retail property? The rewards and returns are numerous for property investors who can work on improving the asset class and tenancy mix. As a result, many people are always looking…
The franchise model for retail tenants is common and popular in today’s business. That means you can and will work with many franchise tenants when leasing retail properties and shopping centres. Some of those franchise tenants will be looking for specific premises and property locations. This is a good part of the property leasing market…
When you manage and or lease a shopping centre, the vacancies in shop leasing can be a real drag on shopping centre performance and retail sales, particularly so over time. It takes time to boost shopping centre performance, and similarly so to remove leasing and tenant mix problems. Any current or upcoming shop vacancy in…
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…
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 retail shopping centre should have an accurate and successful business plan. In this way, you can address the key issues that will help the property perform financially and physically. There are many stakeholders to the performance of a retail property. Here are the main ones: All of these groups have special points of focus…
The process of leasing a retail shopping centre is quite special. It is not just a matter of finding a tenant and negotiating a lease. The chosen tenant must match the needs of the tenant mix, the property and the customer demographics. There must be a plan to the process of leasing any vacant premises….
In commercial real estate, a lease incentive is an enticement for a tenant to proceed further towards a lease transaction and provide a signed lease to the landlord. In most ordinary property markets a lease incentive will be required to get some momentum into lease negotiation. It is interesting to note that some landlords will…
When you lease or manage a retail property or shopping center, it is essential that you know your retail tenants and their intentions. The relationship that you build with those tenants over time will help you with the process. It is no secret that the retail property market is under some pressure and change due…
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