#leasing tips

The ultimate guide to retail leasing is to increase customer interest, retail sales and return on investment for the shopping centre.

Tenants with proven track record in marketing and retail are in high demand. It is essential to examine the experience of each tenants in retail sector they operate in. 

In a retail shopping mall, allowing a permitted use approach in leasing is a smart move. Exclusivity should be avoided with your tenants.

A few factors to keep in mind are – 

(a). A Clear Vision – One must have a clear vision of who the mall is going to cater to today as well as coming future and accordingly how the mall should be positioned and what kind of brands should be approached.

(b). The Science behind – A very good understanding of the zoning, category mix and proportion of each category in the mall depending on the size of the mall and other parameters, brand mix, etc. is required.

Understanding of the consumer behaviour and circulation patterns are also required.

(c). Critical Components of a lease- Important terms of the lease such as rentals, revenue share, CAM, HVAC, Marketing Chargers, Lock-In Tenure, Stamp Duty, Termination Clause, Escalation, Security Deposits, capes agreed are important to be considered in a long term lease.

(d). The Lease Model – There should be a clear understanding of under what model the lease is being done (COCO, FOCO, FOFO etc.) and the implication of each of the models on the mall.

(e). The Right Motivation – While money being a big motivator, but necessary checks should be made by someone who takes ownership of how leasing is being done in the mall. 

Written By 

Property Channel Expert 

Anurodh Jalan 

Jalan Property Consultants

                                  THE PASSIVE INCOME MACHINE

Any is or should be a busy place in many ways, the busier the better, to a large extent. Sales for the tenants will improve providing that costumers are attracted to the property. That should be the primary focus of the leasing managers and landlords or investor for the property.

There are a number of key factors to consider with that retail focus, and local area marketing and tenant election will go a long way to help the performance of the shopping centre over time.

Here are some of the critical skills for shopping centre manager or property manager to develop today –

 1. Lease Negotiation – Better knowledge about local market rentals and advanced property knowledge will help in better negotiation between the landlord and tenant and increased rental income.

2. Finding Tenants – Finding and then choosing the right tenants will be a priority to keep the right property profile and customer. It is best to have a tenant retention plan and a tenant mix plan running in parallel.

3. Reporting and planning – Get close to your client to understand exactly what they require when it comes to property performance reporting.

 4. Tenant Communication and control – Keep close to your client and watch their lease documents to prevent any difficulties for you or your client.

 5. Landlord Interaction – Establish a system of communication and control with all your landlord matters. Track and record all your landlord issues.

Written By

Anurodh Jalan

Jalan Property Consultant

There are different ways to rent a office or a shop so today we will discuss about this thing in brief in this article. 

How To Rent Your Commercial Property to a Big Franchise

If you’re wondering why people invest in commercial real estate, what is commercial real estate, why it is important to rent to the right business, or how I want to rent my shop to a franchise, this article will give you the answers you seek. You will also learn about how to rent your commercial property to a big franchise and how to keep your rental income coming in.

What is Commercial Property?

Residential property is when people buy property to reside, commercial property is any property that is used for any business activity. It is considered as any building that can generate profits and is bought or used with the intent to generate a profit. As the commercial property is profit-driven, there are different rules and laws that have to be followed when dealing with commercial property. when using a commercial space for rent.

What are the Different Types of Commercial Real Estate You Can Invest in?

When you’re looking at investing in commercial real estate you need to figure out two important factors, one – where to invest and two – in what type of commercial property. You can even decide the location based on the type of commercial property. Here are a few options you should explore before settling on final business space for rent–

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If you are to make a reasonable commission from commercial or retail real estate leasing, the way in which you connect with landlords and tenants should be optimized in both frequency and branding.  Get the message out about the leasing market and how you can help with expansion, contraction and relocation.  Local businesses need help with occupancy; that is a fact that is active constantly in…

Effective Strategies for Leasing Business Success

The leasing process in commercial and retail property can be improved by a simple degree of personal organization and directed action.  That action is in connecting with landlords, tenants, business owners, and property developers.  The information gleaned from those connections will help you with the entire leasing process.  Get to know the people, that’s the message.

Before saying too much more…

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