In managing and leasing a Retail Shopping Center there are many things to monitor and think about. When you know the facts about property performance then you have the best chance of improving the property for the landlord. Shopping Center Staffing Structure Depending on the size of the property and the variations to the tenant…
When you manage office, industrial or retail property, the outgoings management process is critical to cash flow and property operations. Like it or not money has to be spent on many different things in investment property and at different times of the year; outgoings management is part of that process. A budget will help you…
When you are considering working with other agents as part of a conjunction process on any particular listing, there are weaknesses to be aware of in the business relationship. Some conjunction agents do not work as hard as others when it comes to processing and completing the transaction, yet they will want a commission for…
Here is a short video explaining the parts of a Retail Shopping Centre Asset Plan and the things that you should consider in creating one. When you manage a shopping center there are many things to consider and that is why the Asset Plan process brings it all together. I have worked on quite a…
As a retail shop leasing expert you can easily get confused and frustrated in finding new tenants and working with some landlords. The pressures of fixing a vacancy and restoring a retail property to full occupancy can be overwhelming; that is certainly the case if you have a large retail project or shopping centre to…
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…
When you manage a commercial property, there are lots of things to watch and track. Failure to do so will see problems develop. The larger the property and the tenant mix that you manage, the greater the number of things to monitor. Most particularly some of the bigger things that bring issues to you will…
On most days of the week as a commercial real estate agent or broker, you will be sharing property details with those people that potentially want to buy or lease new premises. The question is just how much should you tell them before you take them to the property? Start with the end target in…
Every landlord of commercial and retail property today will have specific requirements for their asset. That will be in income, outgoings, operational expenses, tenant mix, and documentation. It is up to the property manager to fully understand those facts. Quality service that is matched to the client needs and property will be very important in…
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…
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