The trade area for a shopping center should be assessed regularly to see what factors of retail attraction are changing in the overall location. That assessment should be part of the retail business plan for the property. Having worked with many shopping centers as part of improving property performance and tenant offerings, I have always…
The shopping centre segment of the retail property industry can be very competitive and complex. That is certainly the case when you have a number of properties competing for the same customers in the same overall location. Retail centre managers and leasing managers should be constantly aware of the trends in retail property performance for…
The performance of a commercial or retail investment property will largely be driven by the impact of each individual lease document. In a property with many tenants the sheer number and variety of leases will complicate things somewhat. That is why it pays for you to understand how to read lease documentation and understand how…
A shopping center can be a very complex type of investment property. That is due to the depth and variety of the tenant mix, and the variations of cash flow that usually occur across the rental income and expenditure stream. A good property manager in a retail property really does need to understand everything that…
In commercial property leasing and management, the relocation of tenants can revitalize the tenant mix and boost the potential growth of market rental. On that basis the ‘relocation’ process is a real strategy in property performance; specialist agents and brokers should know how to optimize the tenant mix. To provide that tenant optimization professionally they can…
In any town or city there will be a number of shopping centers serving the same customer base. The retail properties will be of different size and location. All of those retail properties will have leasing opportunities into the future. Real estate brokers and agents can get involved from a leasing and tenant mix opportunity. …
To successfully manage a retail shopping center, a good degree of knowledge and a lot of systems are required. Knowledge comes with time and systems come with experience; a good manager can do a lot for a retail property over time. A property manager taking on any retail shopping center should have the experience from…
The commercial property management process can be quite special in many different ways. It takes time to learn the correct skills and gain the right levels of knowledge. The work processes in property management are quite different than that of sales or leasing; a special person is required that brings a different skill mix to…
It is a fact that tenants in a retail shopping center will talk among themselves and share comments about the property performance (or their perception of it). For this reason you as a Shopping Center Manager really do need to keep your tenants under control in a positive way; communication and information will help you…
If retail property is your ‘game’ as a leasing agent, then you will want to specialise because the players that you work with (landlords and tenants) will require real knowledge and experience as part of the services you provide. Why is this so? It is because the retail property segment is unique and a lot…
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