The commercial property management process can be quite a challenge when it comes to controlling workload and getting results. The same can be said about retail property and shopping center management. On that basis every property manager should be well chosen for skills, knowledge and relevance to the property type. The skill set behind the…
In shopping centre management it is really important that you have systems to follow in undertaking daily property management activities. A retail property and particularly a retail shopping centre is perhaps the most demanding property that you can manage. You have lots of smaller specialty tenants to control each day as well as the activities…
In the leasing of a retail property or tenancy it is really important to have a comprehensive leasing package available to give tenants that may be considering occupancy in any vacant premises that you are marketing. It should be said here that you cannot misrepresent the property in any way so the quality of the…
When it comes to managing commercial property today, the budgeting process is quite important. When you establish a budget correctly, it can help you as the property manager and also the landlord direct and control the income and expenditure for the asset throughout the financial year. So this financial control process is really suitable for…
In commercial property management don’t let your tenants get out of control. Stay close to your tenants and ahead of their intentions. The tenants in your managed properties are the lifeblood of the income and the property performance. So many times I see property managers get very busy with ever more properties and more tenants;…
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…
The commercial and retail property market has changed a lot over the last couple of years. The retail property segment has particularly come under some pressure from escalations in small business operating costs, and reduction in retail sales. The internet has impacted the way many people buy retail goods and that flows through to the…
The marketing of a retail shopping centre is critical to helping the overall property performance, and encourage the tenant mix to thrive in sales and customers. Even in these tougher retail times, a small strip shopping centre should have a marketing plan, albeit simple and basic. The larger the retail property the more complex the…
When it comes to a large retail property and its investment performance, it is important to ensure that the tenant mix is stable and well-balanced. There are many pressures on tenants today, and that is a major threat to retail property performance. A landlord can have the best retail property in the local area, but…
The tasks you undertake vary when you work as a commercial or retail property manager. It could be said that commercial and retail property managers are the busiest in the property industry (ok, so I am probably biased). On that basis, they have to be intelligent, diligent and driven. The top property managers are like that. Property…
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