In commercial real estate, particularly shopping centre management, the revenue streams you administer and monitor are crucial to the long-term performance of your property investment. Every vacancy that can or will exist in the property during the year will jeopardize the property’s value and the success of the remaining tenants. Vacancies do little to improve…
The retail shopping landscape is changing without a doubt. The internet significantly impacts how people shop and what they want when they visit a shopping mall. Tenant retention and leasing strategies are important to property investment performance. Here are ways to do that. Shopping centre and leasing managers face an ongoing strategic challenge with retail…
There are a number of factors to consider in this retail shop leasing process, including optimising the current tenants as well as refining tenant placements and occupancy levels for the future. Finally, and ultimately, the goal of a retail shop leasing review is to increase customer interest, retail sales, and return on investment for the shopping centre. Tenants…
In commercial and retail property, there are ongoing pressures of lease occupancy and rental collections. Landlords and tenants can sometimes be in conflict with each other for unique reasons. It is also notable that some landlords can create poor tenant relations within a property due to inadequate communications, conflicting negotiations, overlooked maintenance, and tougher lease…
A high-quality property management team is a good thing to have in any commercial real estate brokerage. In referring to a team of ‘high-quality’, I mean people with the appropriate management skills and knowledge for the location, the clients, and the property types. Good property managers are hard to find and the best ones are…
Many commercial property managers and leasing managers don’t spend enough time on tenant management and communication, only to soon find that they have an upcoming vacancy or a building that is underperforming from a rent and occupancy perspective. There is a strong link between tenant encouragement, communication, property performance, and landlord involvement. At the base…
Like it or not, tenants have plenty of choices in a commercial investment property when it comes to lease renewal time. When you lose a tenant at the end of a lease, you lose rent and outgoings recovery, which then stresses the landlord in many different ways. In a property market and city with many…
Older commercial properties can have many issues and problems of financial performance, tenant management, and daily operation. Those older properties need the special attention and focus by a property manager if the investment is to thrive. So what happens in older properties that can frustrate things? Generally it can be loss of rent and loss…
Every quality retail shopping center should have a well-defined leasing strategy and tenant mix plan. To do otherwise would be foolhardy. A retail property is a vibrant and dynamic property asset by lease type and occupancy demand. Incorrect choices or lack of the right market information in a retail shopping center will directly flow through…
In commercial and retail property leasing, a tenant retention plan is well worth the time and effort required to establish it. A good retention plan will help you with income stability, tenancy choice, and tenancy placement. Ultimately that’s means better property performance. (NB – you can get plenty of tenant mix tips in Snapshot right…
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