In a retail shopping center, there are key factors to watch that can impact the shop tenant mix and the vacancy factors. (NB – you can get plenty of retail shop leasing tips in our Snapshot program – its free)
As a leasing expert in retail you really do need to balance all of these issues mentioned below in any shopping mall and the shopping center, particularly when placing a tenant:
- Positioning a new tenant in the retail cluster of tenants
- Choosing rents that aligned to the local market and that are achievable for the long term
- Lease documents that build the landlords investment position over time
- Lease clauses that encourage the tenant to build their successful retail business
So there are things to do here. I have said many times that ‘retail’ is perhaps the most unique and special part of investment property performance.
In this audio program, I talk about the special factors of retail leasing and tenant mix establishment. You can get the audio here below: