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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…
