Unlike office building tenants, many retail tenants rely on foot traffic to bring in at least some of their sales. If you own a shopping center for long enough, you’ve probably had to do maintenance work or make repairs to your property, which may have included erecting scaffolding or...
Q: I’m contemplating signing a lease with a tenant that will require the tenant to construct its own building at my shopping center and require me to pay a construction allowance within a certain period of time after the tenant opens...
A prospective tenant that’s negotiating to lease an entire building or a large space may want to inspect the condition of the space or the underlying property before signing the lease. For example, it might want to do environmental testing or have an engineer or contractor check the...
The world’s largest real estate investor has kicked off a trend that’s being picked up in the CRE world. Blackstone Group LP has led a wave of investors in Indian commercial property. Blackstone representatives said that there has been rental growth in almost all markets, and tenants...
The popularity of mixed-used properties—buildings with both residential occupants and retail tenants—has increased in recent years, creating a unique opportunity for some owners who can reap the benefits of such an arrangement. For example, popular retail tenants are exposed to...
While the economy has steadily improved in many areas, it’s still important to protect yourself from the perils of a bankrupt tenant. When negotiating with a prospective tenant—especially one that’s small or not financially strong—keep in mind that if it experiences...
Q: A tenant at my shopping center has been late paying rent two months in a row. I’ve heard that if I continue to accept late rent each month, the tenant could argue that the lease has been modified by my actions and it’s entitled...
Depending on whether your property manager is a third party or works directly for you, it will probably check in differently. Because it’s providing financial information to you, a third-party property manager is obligated to report to you at least monthly regarding financial issues and...
The e-commerce purveyor of vintage and handmade goods, Etsy, has signed a lease for a substantial amount of space in Brooklyn to set up its headquarters. The company, which was founded in New York, has chosen to set up shop in the former Jehovah’s Witnesses’ Bible-printing plants...
Trying to fill vacant space while your office building or shopping center is undergoing renovations can be tricky. A new tenant might anticipate not having access to some of the amenities, equipment, or services that it expects to be able to use.
Despite an upturn in the economy in many areas across the country, many shopping center owners, especially in areas that are still depressed, are desperate to fill vacancies at their centers. Prospective retail tenants, particularly small retailers, may be hesitant about going into centers...
A new U.S. real estate forecast based on a survey of 39 of the industry’s leading economists and analysts shows that commercial property transactions are expected to rise over the next two years to levels not seen since before the recession—exceeding the volumes hit in 2006. The...
