Finding tenants to fill vacancies in shopping centres is always an issue. The problem is that there are many shops in a typical shopping centre, and for that reason, there are greater chances of vacancies. Churn happens in shop leasing, so be prepared for it. If you are a shopping centre owner or manager, here…
In shopping centre management and leasing, you have perhaps the most intense type of job with plenty of things going on every day. Time management and focus is important. Here are some methods of control to keep your business day organised in retail shopping centre management. What is the issue here? There are plenty of…
Managing a shopping centre will be a challenging issue most of the time because there are many things to do every day. There are many issues related to tenants, customers, marketing, and landlords. Control will only come with some form of system that you can implement every day. In today’s podcast, we share some of…
Shopping centres are complex property investment models. They require understanding and commitment on the part of the property owner and the property manager. As part of operating a shopping centre there are factors of renovation and presentation to consider and merge into the property business plan and tenant mix strategy. Failure to do so will…
In this property market, the career opportunities in commercial and retail property management are many. A quality property and client will always require a top manager to help with the complexities of property function and management. Are you ready for the challenge with your property management systems? High-Quality Property Management Service Facts So what…
In commercial real estate property management, it is likely that you will be involved from time to time in appointing a new property manager to the agency management portfolio. On that basis, you should have an induction program or system to help you with the appointment of the new person to the team. An induction…
When it comes to how well a retail property does, the mix of tenants will have a big impact on income, customer visits, and tenant sales. There is an established partnership between the landlord, the tenants, and the property manager when it comes to the success of a retail property or shopping centre. To strengthen…
In commercial property management and leasing, the leases and the tenants in a property are critical to the income cash flow for the landlord. You as the property manager must watch for the upcoming lease changes and renewals. They are called ‘critical dates’ and they should be tracked and actioned early or on time in…
When it comes to property management processes in investment property, the most intense property type is that of a retail or shopping center nature. There are so many things to think about and manage as part of the overall retail property performance. It should be said that a successful property management system in retail will…
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….
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