If you have anything to do with the management and leasing of a shopping centre, you will understand the critical aspects of maintenance and cleaning. Every day there will be pressures applied to the property through tenancy usage and customer visits. The maintenance and cleaning aspects of the property should be well planned for this…
As a Real Estate Broker or Property Manager you should plan your retail shopping center renovations carefully for your clients and merge those plans into the business plan for the property. Each year the business plan should be updated based on tenant placement, income growth, and property performance. So there are lots of things that…
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…
A rent roll in commercial real estate is a valuable part of the real estate brokerage business. From the rent roll you can build market share, sales opportunities and leasing income. The growth of the property management portfolio should be encouraged to occur as a priority in any real estate brokerage. Whilst it is easy…
A shopping centre is a special place when it comes to tenant selection, leasing, and tenant placement. The tenancy mix within a shopping centre has to be balanced with the right businesses and product or service offerings. On that basis a retail leasing agent must have a good prospecting plan that taps into the right…
It is a known fact that commercial and retail property managers work really hard and cover a large number of issues in the one working day. That says they should work smarter to keep things under control and thereby give clients the quality of property control that is promised. Good property managers should have a…
In commercial or retail real estate the tenant management process will help strengthen property cash flow and tenant mix. It therefore stands to reason that every well managed property should have a systemised tenant management process. The process itself should feature as part of a property management strategy provided by real estate brokers and agents….
Every commercial or retail property will have challenges and factors that should be well controlled by a property manager. The appropriate skills of the property manager are essential to the outcomes required. Quality properties and quality landlords require a top property management service. Inexperienced property managers can damage a property performance and cash flow. They…
In commercial property management it is common for some frustration or disagreements to develop between a property manager and a landlord. Sometimes it is a short term issue driven from a particular property problem and driven from individual lease or tenant circumstances; however it is the longer term and larger property performance issues that are…
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