One thing leads to another in retail property services. A lease can lead to a property management appointment and a future potential sale of the property. The property investors that work with retail shopping centres demand top quality retail agents that really understand how to solve a shop or retail leasing problem. That is where the landlord and the leasing agent must work together.
It is a fact that one tenant can do a lot to support or destroy the performance of the tenant mix in a shopping centre. All tenants should be chosen with care and only after reflection on the overall property targets and servicing the known customer demographics.
Before going further here it is worthwhile defining what a ‘highly performing shopping centre’ actually is, and why that may be a target for many property investors. A shopping centre in the higher levels of performance will cover off … Read the rest