As a developer, property owner, or commercial real estate broker, your goal is to have the lowest vacancy rates in your shopping centers as possible. Sometimes that’s easy, other times not so much. But in the ever-changing retail market, what about when a shopping center loses an anchor tenant that was the main attraction for the entire shopping center? What is the best way to attract a replacement tenant that will prevent smaller retailers in the center from experiencing a significant decline in business or choose to leave?
4 Tips to Backfill Your Shopping Center When an Anchor Tenant Closes
Topics: Retail Trade Area, Recruiting Shopping Center Tenants, Void Analysis, Demographic Data, Landlord Rep Brokers & Owners Industry, Tenant Rep Brokers & Developers Industry
SiteSeer is Headed to the International Council of Shopping Centers RECon in Las Vegas
We’re a week away from the International Council of Shopping Centers (ICSC) RECon, and we couldn’t be more excited. If you’re coming to ICSC May 21-24, don’t miss your chance to learn more about SiteSeer Professional in person. Our booth is N1124—stop by or schedule a meeting with us ahead of time.
Topics: ICSC, Landlord Rep Brokers & Owners Industry, Conferences, Tenant Rep Brokers & Developers Industry, Site Selection Software
Attention Brokers: How Are You Identifying Potential Tenants
Retail site selection done right is all about using data to your advantage. If you’ve been largely successful in leasing vacant space, it probably means you have a good process in place to determine what retail and service gaps are missing in a trade area and fill those demands in your shopping center.
Topics: Retail Data Analysis, Retail Trade Area, Void Analysis, Landlord Rep Brokers & Owners Industry, Tenant Rep Brokers & Developers Industry, Market Potential