February 2023

How to Inspect a Retail Shopping Centre

As a local real estate agent specializing in retail property, it pays to concentrate your efforts within the market segment and monitor the activities and successes of all retail properties locally. This monitoring process involves local market assessment and regular property inspections.

The property market knowledge that you can gain from this process will help you with future leasing opportunities and sales. Retail property is of a type that needs special agent support and focus; inexperienced agents are of little value to the sale or lease of retail property.

So the properties you inspect should be broken up into three categories:

The properties that you manage now and can gain access to and get information from without any difficulty.

The properties that you do not manage or lease and that are competitive properties to your sales, lease, or management portfolio.

The new properties coming on to the market through any new retail shopping centre development.

Each of these three retail categories will give you trends to capture and monitor. Most particularly you should be gathering all the facts and information around rentals, lease types, tenancy mix strategies, tenant sales turnover, and anchor tenants, occupancy costs, and vacancy factors. This retail market knowledge is invaluable when helping your clients.

It can easily be said that these factors make the retail property industry quite special. That is why many real estate agents choose to specialize only within the retail sector. It is very difficult for an inexperienced agent to professionally service the managing, leasing, and sale of any retail property.

To inspect a retail property given all of the above information, it is wise to use some form of checklist covering all the required issues. Here are some of the key items to place within the checklist you can use:

The size of the subject property in gross lettable area should be identified. Plans of the property will also help here.

The number of retail properties in your local property precinct together with their gross lettable areas should be tallied so you can understand the gross vacancy factor of any given point in time.

The vacancy factors in each property together with the expected lease expiries coming up will allow you to address leasing opportunities. You will also be able to move tenants from property to property in specialised lease negotiations.

The details of market rentals will always be valuable across the property segment. Negotiating market rentals with new tenants and sitting tenants will be different and should be supported by up to date rental trends and evidence.

The outgoings or expenditure costs for each retail property will be valuable information. You can then see if the particular property is operating within the averages of industry expenditure trends. A property with high outgoings will always be difficult to lease.

The customer numbers and sales details for retail tenants for the shopping centre are usually held confidentially by the centre manager or landlord. This means that …

Tips to Consider in Purchasing 10-Inch Tablets

There is no denying that the world today is characterized by an information-hungry society. This could be the reason why 10 inch tablets are all over the place and have even become fashionable to a certain extent. People utilize 10 inch tablets for accessing the world wide web, checking their electronic mails, reading a pre-downloaded electronic book or newspaper content and for other multi-tasking purposes. Here are a few tips to keep in mind if you want to purchase the best tablet with 10 inch screen.

First thing that you should consider is the size and weight of a tablet. The device should be thin and light weight. It should also be easy and convenient to transport. Tablets today come in many different size variations and dimensions ranging from a 5 inch, 7 inch or 8.9 inch screen. However, many have agreed that the 10 inch tablet is just the right size to work with.

Next is the amount of internal storage of the device. In the end, this will limit how many applications you can install on your gadget. Inquire if the device is equipped with slots that can handle an expandable, removable storage. You will also want to examine the battery life of the device. Some can last for as long as 10 to 12 hours while others operate only for 2 hours or less.

Decide if you want a gadget that has 3G capabilities or a Wi-Fi only model. Although the Wi-Fi models will be easier on the pocket, the 3G models will offer more flexibility. Also take into account extra features such as a camera. This will be beneficial for video conferencing. Check the device’s price, the different applications available as well as compatibility issues.

The bottom line in choosing the best 10 inch tablet is that the device must match and be suitable for your lifestyle, budget and usage habits. Prior to buying, ensure that you will be able to maximize the different features and functions of your gadget so that your tablet will not end up as a paperweight.

Some models that come highly recommended as the best 10 inch tablet include the iPad and the Galaxy Tab. The Galaxy Tab functions as a phone and comes equipped with a 3 megapixel camera and a flash player. It can also play up to 7 hours of video playback. The iPad has no camera and does not work as a phone but it has excellent battery life of up to 10 hours and can play up to 10 hours of video playback.…