The shopping centre performance today is quite special and needs to be respected as such. A small error in the performance plan for the property can result in sales decline and an increase in vacancies. That can then flow through to the investment in many different ways. So what can you do? The requirements of…
Commercial Asset Management is a specialised process. It is not just a matter of collecting the rent and keeping the property full, there are many other strategies to bring into play. A professional management service can add considerable stability and opportunity to an investment property; such service can also be a valuable ‘pipeline’ in brokerage…
There are different things to watch in renovating a shopping center. The results of the project will be impacted by a number of key issues and risks will be involved. (NB – you can get plenty of retail renovation ideas in our Snapshot program right here – its free) A retail property is more intense…
When you manage commercial and retail buildings you should expect things to go wrong from time to time. In any investment property there is always a long list of potential problems that could happen and evolve when you least expect it. You have to be prepared for difficult events and crisis challenges. The message here…
The new business prospecting process in commercial real estate leasing is quite special. The focus of prospecting has to be on the right people, the best buildings and top precinct locations. Cold calling has to evolve around the right factors locally. Size matters! Before I go too far here it is worth noting that most…
A commercial office tower is a complex asset to manage in more ways than one and requires the right person to undertake management. Any mistakes and omissions can create costly outcomes on property income, occupancy, and risk management. Many cities and towns have office towers of various types and scales; they are great properties to…
In commercial real estate brokerage some of your customers and clients can bring you many opportunities with listings and commissions over time. Identifying and working with those customers is an important factor and with be very helpful in your business strategy. Split your database up so you have a different way of working those higher…
The best way to find new commercial real estate listing opportunities is to look for properties and businesses going through change. Small changes observed will lead to fresh strategies and opportunities for real estate agents and brokers. Any town or city is likely to have factors changing that are lead generators in the property…
When you take over the management and or leasing of a retail property or shopping center there are plenty of things to delve into straight away. There are facts to explore, tenants to understand and leases to review. I like to take the checklist approach to reviewing any retail property. I have put together this…
In commercial real estate property management today, you will frequently come across owner ‘self-managed’ assets. Many of the smaller scale landlords in that category do not have the expertise and the experience to manage their asset effectively and directly, and yet they struggle on. Invariably they cut corners and make decisions based around ‘savings’ rather…
We like Commercial Real Estate and hope you do too! Join us here for free resources and updates for agents & brokers worldwide.
We will never share your information.
