Shopping Center Managers – How to Reposition and Improve a Retail Shopping Center

Any shopping centre today can be a challenging asset from a performance perspective.  There are many challenges to track, balance, and manage.  The skills of the property manager and or leasing manager applied to the task will be critical to asset performance. Fees for services It should also be said that the fees to manage…

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How to Choose the Right Commercial Property Management Software Solution

In commercial real estate brokerage today the property management division of your business will need a dedicated and specialised property management software program to control asset performance for the clients that you serve.  There are many different software packages around, some of which are of the highest quality, whilst others are very average. Quality is…

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How to Set up a Customer Service Desk in a Retail Shopping Center

As part of the property management strategy for any sizeable retail shopping centre, you can and should develop a customer service station function and service within the property.  I say ‘sizeable’ because you need plenty of tenants in the tenant mix to pay for the customer service strategy.  The cost for operating a service desk…

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Attractive Shopping Centers Create Better Customer Sales and Tenant Results

If you are a specialist in retail shopping centre leasing and management, you will understand the importance of retail property appearance and design.  Customers like to feel comfortable, safe, and happy as they move around within shopping centres and look for the goods and services that they require. A good shopping centre experience will encourage…

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Commercial Property Management and Leasing – Tenant Fitout Standards are Really Important

When it comes to vacancy leasing within an investment property, the fit out standards that you set and work to are very important.  Those standards will help you when it comes to ongoing occupancy and property presentation.  Over time a property controlled in that way will maintain its appearance and its leasing standards.  That then…

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Important Facts to Know in Undertaking an Outgoings Audit in Commercial Property Management

Once a year it is necessary to create an outgoings budget for any commercial investment property under management. After the budget has been created, the outgoings should be checked and managed to the budget over time; that is the job of the property manager. An outgoings audit will help establish an efficient and relevant budget…

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A Busy Day in the Life of a Shopping Center Manager

A Retail Shopping Center Manager when compared to others working in our industry is perhaps the busiest person by job type and specialization.  The type of retail property and the size of the tenant mix will place a lot of pressures on work load and business processes for the Center Manager.  That is why property…

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Anchor Tenants Bring Value to Shopping Center Tenant Mix

Anchor tenants today bring a lot of value to a shopping center and the tenancy mix.  The right anchor tenants should be chosen on the match as it applies to the local shopper demographic.  In some cases you may have a few major tenants of this type positioned strategically around the property. So there are…

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Shop Leasing Factors in Retail Shopping Centre Performance

When you have a retail property to lease, there are some important pieces of information that you will need to build a leasing strategy and any marketing process.  Gather the facts before you take steps towards lease marketing or lease negotiation. Retail Property performance will vary substantially from location to location and city to city. …

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Talking Shop with Commercial Real Estate Leasing Brokers

In commercial real estate today, the leasing process is a significant opportunity for brokerage fees and commissions.  That being said, leasing opportunity can be optimised through understanding the market and the requirements of tenants today. A good leasing agent will maintain significant ongoing contact with the business community, tenants in occupancy, and landlords.  A professional…

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Excellent Commercial Property Management Handover Tips

In commercial and retail property management today, you should have a very definite handover process that you can implement simply and effectively.  This can be a significant strategy to capture the required information relating to the property, the client, and the location.  In this way you can move ahead accurately to protect the income and…

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Set New Standards in Commercial Property Management Services

In commercial property management it is easy to fall into the same basic management model with all of your properties and clients.  That can be the wrong thing to do, given that most properties have differences and challenges that all need to be adjusted to. To get a reasonable management fee and keep the client…

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How to Find New Commercial Property Management Clients

In commercial and retail property management, you should have a process and a system to help you attract new property management clients. Over time the income from the management portfolio will support the agency and provide stability when sales and leasing activity is low.    Here are some tips from our Newsletter. There are a…

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It is Worth Training a New Commercial Property Manager in Your Agency

If you have a need for a new commercial property manager or perhaps a retail shopping center manager, is the training process of a junior person worth it or should you employ an experienced person for the required role?  You can go either way but the strategy is different and your choice will have to…

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Time Management Tips in Commercial Property Management

When you work as a commercial real estate property manager, there are certain things that need to be done every day to help you stay in control of the portfolio and clients that you work for.  This segment of the industry is quite busy and challenging in many different ways.  You will be balancing issues…

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