The leasing and management processes in a Shopping Centre are quite complicated. That is because the property success depends on the tenant mix and the customer requirements. Every tenant that is chosen for the property should be selected on the basis of a clear match to the customer shopping patterns and the prevailing tenant mix…
From time to time you will get retail properties and shopping centres that have a rising vacancy problem. When this goes on for too long the vacant tenancy space becomes ‘stale’; the customers to the property get a message of property decline. Soon the customers to the property are shopping elsewhere. So the important lesson…
In retail investment property the process of tenant mix analysis can be critical to the performance of the property for the landlord and the tenants. When you get the ‘mix’ just right, it underpins critical property factors such as rent, customer visits, sales, and can create lower vacancies. From this it can be assumed that…
When you manage or lease commercial investment property it is critical that you stay well connected with the tenants in the property. In this way, you can keep the landlord briefed on property issues and challenges of occupancy. Given that the commercial or retail property market can be a challenge at the moment, the tenant…
The commercial real estate leasing market is quite lucrative providing you understand your local area and the requirements of tenants. As part of that process, you do need to know a lot of tenants throughout the local business community. Ultimately as an agent you would like to achieve dominant market share and referral business. Both…
In retail and commercial property today, it is the tenant mix that is quite important to the performance of the property itself. Good tenants within the mix need to be retained, and low quality tenants need to be replaced. This is a strategy and part of a tenant retention plan. The suggestion here is that…
Anchor tenants provide real benefits to a retail property. The fact of the matter is that the choice of a retail tenant is likely to make or break the overall performance of retail properties. When you own, lease, or manage a shopping centre or large retail property with an anchor tenant, it is imperative that…
When it comes to leasing and managing commercial and retail property today, it is wise to adopt a tenant mix strategy that encompasses the landlord’s requirements and the property’s special attributes. The designing of a tenancy mix can be quite a specialised process. Local market knowledge will assist you greatly in establishing the plan and…
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