Mission Grow Advisors’ Post

How do you manage tenant relationships, leases, and vacant units in the UK commercial property market? Answer: In managing tenant relationships, leases, and vacant units in the UK commercial property market, I place a strong emphasis on understanding the limitations of the traditional rent model and adapting to more contemporary approaches. Traditionally, commercial rents in the UK were fixed annual commitments over defined lease periods, with upward-only rent reviews every five years. However, this model has become increasingly obsolete due to the issue of over-renting. Moreover, retail rents were often determined based on the 'tone', which didn't account for changing circumstances or additional cost pressures on occupiers. In response to these challenges, I advocate for a more adaptive approach to market changes. This involves revising rent models to reflect current market conditions, including the impact of online retail and other economic factors. I am particularly supportive of flexible rent agreements, such as turnover rents, where the rent is partly based on the tenant's revenue, or offering shorter lease terms. This not only supports retailers in revitalising their offerings but also helps in mitigating some costs, positioning them favourably for market upturns. I also promote a hybrid model, combining a base rent with a turnover top-up. This model provides income security and predictability for landlords while moderating the risks associated with debt servicing and valuation fluctuations. It's important, however, to set the base rent at a reasonable level to ensure that the turnover element is effective. In situations where a tenant vacates, I see this as an opportunity for 'Meanwhile Use'. This concept involves temporarily occupying vacant units for non-commercial purposes, such as by local voluntary or charitable groups, while seeking a more permanent commercial tenant. An example of this in action was when I transformed a vacated Sainsbury's into an art gallery in collaboration with Hypha Studios, providing a platform for local artists. In summary, my approach to managing tenant relationships, leases, and vacant units is centered around flexibility, adaptability, and a keen understanding of both the market's and tenants' needs. This strategy ensures a more dynamic, responsive, and sustainable management of properties in the ever-evolving UK commercial property market. READ MORE: https://lnkd.in/ePtJwcir #retailleasing #retailspace #retailrealestate #popupstore #community #creatingopportunities Guy Raeburn Natalia Rakowska Jacalyn Wood Camilla Cole Rebecca Stevenson #tenantmanagement

Did you know? Despite pandemic challenges, commercial real estate is thriving! 📈 E-commerce's surge has led to a 3.5% increase in industrial property rents in the U.S. 💼💰 Ready to explore investment opportunities? Contact us today! #CommercialRealEstate #InvestmentOpportunities #NorthbayCRE #MeridianCommercial #californiarealestate

📊 Just read a fantastic analysis of the self-storage industry's current landscape! Here are some eye-opening stats that caught my attention: The industry is showing remarkable resilience - national average occupancy hit an impressive 94.5% by the end of 2021. Even more fascinating is that 80% of customers now prefer contactless rentals and 24/7 access, driving significant technological innovation in the sector. A special shoutout to Kevin Harless at Storage Authority Franchise for providing excellent franchise opportunities in this growing market, and to Radius+ for consistently delivering valuable industry insights and data-driven analysis. #SelfStorage #CommercialRealEstate #IndustryTrends #RealEstate #BusinessGrowth https://lnkd.in/eqyVea2u

Australia's #commercialproperty market showed signs of recovery in the second quarter, with deal activity almost on par with the levels of a year ago, according to the latest edition of Australia Capital Trends. A trio of large Sydney office deals took place as falling valuations have turned investor attention back to office property. Australia's retail market also matched deal volume of a year ago, aided by sales of shopping centers with a grocery store anchor tenant. Register for our market briefings starting Aug. 13 to hear a panel of industry experts discuss the latest trends. Sydney: ms.spr.ly/61102lbHYw Melbourne: ms.spr.ly/61103lbHYb Brisbane: ms.spr.ly/61104lbHYj

Australia's #commercialproperty market showed signs of recovery in the second quarter, with deal activity almost on par with the levels of a year ago, according to the latest edition of Australia Capital Trends. A trio of large Sydney office deals took place as falling valuations have turned investor attention back to office property. Australia's retail market also matched deal volume of a year ago, aided by sales of shopping centers with a grocery store anchor tenant. Register for our market briefings starting Aug. 13 to hear a panel of industry experts discuss the latest trends. Sydney: ms.spr.ly/61102lbHYw Melbourne: ms.spr.ly/61103lbHYb Brisbane: ms.spr.ly/61104lbHYj

Australia's #commercialproperty market showed signs of recovery in the second quarter, with deal activity almost on par with the levels of a year ago, according to the latest edition of Australia Capital Trends. A trio of large Sydney office deals took place as falling valuations have turned investor attention back to office property. Australia's retail market also matched deal volume of a year ago, aided by sales of shopping centers with a grocery store anchor tenant. Register for our market briefings starting Aug. 13 to hear a panel of industry experts discuss the latest trends. Sydney: ms.spr.ly/61102lbHYw Melbourne: ms.spr.ly/61103lbHYb Brisbane: ms.spr.ly/61104lbHYj

Are you curious about the real story behind commercial retail property investing? 🤔 It's not just about those giant shopping centers! Steve Palise's book, 'Commercial Property Investing - Explained Simply,' takes you into the often-overlooked world of local shopping strips. These hidden gems can be surprisingly low-risk investments, particularly when they're centered around essential services. It's time to move beyond the usual headlines and uncover the real potential in retail property. Get your copy now and begin exploring new investment opportunities! 👉 Discover more: https://lnkd.in/gYd95Y32 #PaliseProperty #StevePalise #commercialpropertyinvesting #commercialproperty #commercialinvestment #commercialrealestate #RetailRevolution #InvestmentInsights #LocalShoppingSuccess #PalisePropertyBook

Is retail leading the commercial property market? 🛒 🛍 As we head into the second half of 2024, it's clear to see that the market is picking up. Spotting opportunities and taking advantage of them is still a tricky game to play but for now, high-street lettings and retail property seems to be the place to invest. This comes at the same time as Landsec announcing that they are prepared to invest around £600m into quality retail destinations due to: ⬆ rising rents across the UK ⬆ a reported 2% uplift in reletting units ⬆ a high portion of deals completing above ERV Both our lettings and investment teams have found a huge demand for retail space and have successfully negotiated a number of lettings and sales for both investors and landlords in the past few weeks. If you're a landlord with vacant property or a retailer looking for new premises, our team are here to help. With plenty of property requirements to fill and excellent relationships with landlords across the country, get in touch to hear more about our ability to take advantage of this positive movement in the retail sector. Craig Van Straten craigvanstraten@johndwood.com George Cracknell georgecracknell@johndwood.com 020 7629 9050 #londonretail #retailpropertydeals #commercialpropertymarket #propertynews

If every adult in the UK spent just £5 per week in their local shops and businesses. Instead of online, at the supermarket or with huge multinationals it would be worth £13.5 Billion going back into our towns. Which means real jobs, better facilities and nicer places to live. Makes you think doesn't it? #shoplocal #businessquotes #business

🗣 "We are known for being trailblazers, for breaking taboos and pushing boundaries. I think we literally are one-of-a-kind.” Ann Summers has been a landmark business in #Surrey for more than 50 years. It was founded in the early 1970s with just a couple of stores. The company now has 86 outlets, a global website, trade with 14 external partners and direct selling business with annual turnover in excess of £100 million. And all of it is centered on a site next to the A22 in Whyteleafe, just north of Caterham, which is home to 360 employees. The Surrey HQ has played a key role in supporting business growth - with the region's excellent transport links, fantastic location and access to high-quality talent allowing the retail business to establish itself as an iconic British brand. 💬 As logistics supremo Melinda Louis says: "We always talk about the Midlands for logistics. Well, let me tell you, Surrey is the place to be. It has everything London has, but with additional benefits.” Want to know more about Ann Summers' success? Watch the first of our Surrey Success Story video case studies below... 👀 👇 🙏We want to say huge thanks to the Ann Summers team - especially CEO Maria Hollins, Lauren Simmons, Melinda Louis and Parm Chohan - for supporting this video. And to Lamplight Media Ltd for overseeing the shoot and content creation. ❓ Want to find out more about our Invest in Surrey offer, with free relocation support to domestic and international businesses? Contact our experts via this form - https://lnkd.in/gFQZPyKH #retail #growth #innovation #regionaleconomy #economicdevelopment #SurreySuccessStory #relocation #inwardinvestment