Tenants are playing rent hardball with retail center owners like never before, asking for reductions, deferrals, abatements and other concessions. Many requests are legitimate, given COVID-19 hardships, but some seem to be out-and-out shakedowns, particularly those emanating from national tenants owned by private-equity (PE) funds.Consider this hypothetical case: "U.S. Oil Change," a fictional category leader […]
There’s something that a lot of commercial real estate professionals need to hear: using Excel to manage your deal flow is costing you money. We know old habits die hard, but it’s time to modernize your pipeline management. You’re missing out on opportunities and falling behind your competition if you continue to use outdated tools. […]
The process of lead nurturing can be one of the most rewarding aspects of any sales job, but especially in commercial real estate. By the time you have a signed lease in hand, youve had to search for prospects, built relationships, negotiation lease terms, execute a letter of intent, all before a signature is on […]
When you have an empty storefront to fill, every day of vacancy costs you money. It also hurts your other tenants who would benefit from steady customer traffic to neighboring retailers. Removing bottlenecks from your leasing pipeline can help you fill the space more quickly and maintain your center’s profitability, and in retail leasing, “Speed […]
You’ve found the perfect tenant for your shopping center and are eager to start a conversation with their team. Now begins the tough part of the process - researching their brand and hunting down a contact that can actually make the decision to open a new location.Unless you are a Retailsphere member. If you are, […]
