7 Ways to Help Your Retail Leasing Broker

1

• 7 Ways to Help Your Retail Leasing Broker
• Progressive Real Estate Partners specializes in
  Retail Space for Lease Inland Empire and we have
  worked with literally hundreds of property owners
  and landlords in the market. We always view the
  relationship as a team effort and, although
  your retail leasing broker is an independent
  contractor, they should be thought of more as an
  employee. When you are paying an employee you
  want them to be as efficient with their time as
  possible. The same is true for your leasing
  broker. As a result of higher productivity, you
  increase the probability of getting more space
  leased quicker to better quality tenants AND at
  higher rents.
• Here are 7 actions shopping center landlords can
  take to help their leasing broker lease those
  last spaces quicker
• Share Lease/CCR/Zoning Restrictions Be sure to
  tell your broker about any known restrictions
  that exist. You dont want your broker to be
  meeting with tenants that violate existing
  leases, CC Rs or zoning restrictions. Often
  times a landlord will tell the leasing agent
  that certain restrictions exist after the leasing
  agent has spent a lot of time working with a
  tenant. Be proactive and help prevent this from
  happening.
• Make Floor Plans Available Providing your
  leasing broker with any as built floor plans
  is very valuable. It makes it much easier for the
  broker to answer questions from perspective
  tenants and saves you time because the broker
  already has the info and doesnt have to waste
  your time following up.
• Be Responsive When offers are generated,
  respond promptly. One of the quickest way to
  lose a deal is to not provide a timely response.
  This also demonstrates to the tenant that youre
  an engaged and pro-active landlord or property
  owner.
• Keep the Interior Spaces Clean Vacant spaces
  should be periodically cleaned to make sure they
  show well. Ideally, the walls will be white, the
  ceiling free of leaks, the floors presentable,
  and the restrooms clean.
• Maintain the Exterior You always want to make a
  good first impression. Scratched glass, trees
  that cover the storefronts, dirty sidewalks,
  parking lots that need striping and sealing, are
  all deterrents to getting your space leased. Ask
  yourself if you were a potential tenant, would
  you want to lease at your center? Remember, you
  have provided your broker the product that they
  have to sell you want to make sure your
  property shows at its best.
• Turn on the Electricity Spaces show much better
  when the lights are on and everything looks
  clean. It really helps when the broker can tour
  the space with a perspective tenant and
  especially when there are offices within the
  space that dont have any natural light.
• Be Willing To Help For example, if the leasing
  broker tells you that they have a potential
  user, but this tenant is having difficulty
  getting City approvals for their use, provide
  them with any insight or contacts you might have
  as a result of working with

2
the City on previous issues. Go a step further
and if you have good relationships with City
staff offers to make an introduction and
facilitate the contact with the City. Keep in
mind your commercial leasing broker is balancing
a portfolio of properties. When both parties
work together the greater the probability that
you and your leasing broker will achieve WINNING
RESULTS. Article Source https//www.progressiver
ep.com/7-ways-to-help-your-retail-leasing-broker-
lease-those-last-few-spaces/.