Denver Retail Leasing and Management
Retail property management and leasing is its own specialty, distinct from other forms of commercial property leasing and management such as office, industrial or multifamily properties. Retail leasing and management require a very specific understanding and approach.
The key to successful retail leasing and management is vibrancy- the property must project a feeling of activity and life with occupied storefronts, busy stores and shoppers. Because of this, large or prolonged vacancies are to be avoided at all costs. A vacant storefront can negatively impact the impression that a retail location makes, whereas a full, lively and busy retail location attracts customers, tenants and success.
How is a "vibrant" or "lively" feeling generated?
- Minimize vacancies with proactive lease renewals, aggressive leasing efforts and creating a synergistic tenant mix
- Provide outstanding property management, including keeping the property in top condition and repair at all times.
Retail Leasing
Sperry Properties has extensive experience in the leasing and management of
retail properties throughout metro Denver. We are engaged in the Denver retail
market day in and day out, helping owners, tenants, users and investors buy,
sell, lease and operate small and mid size retail properties. Because of our
experience in the retail market, and because we are retail building owners
ourselves, we are truly experts in the Denver retail leasing and retail property
management arenas. Our retail leasing services deliver the following benefits
to retail property owners:
- Focus on small to medium-sized retail properties and tenants
- Extensive market contacts
- Extensive broker to broker relationships
- Sophisticated prospect databases
- Up-to-the-minute information on retail leasing trends, rates, occupancy data, etc.
- Intimate familiarity with competing properties, developments, availabilities, rates, etc.
- Professional marketing services
- Pro-active and aggressive leasing efforts, including networking, cold calling, canvassing, etc.
- Access to all marketing outlets and databases
- Outstanding negotiating skills
- Expertise and significant economies of scale for tenant finish build outs.
Because we understand the retail market and are retail owners, users and investors ourselves, we know what tenants are looking for, what their issues are, how to meet their needs and what it takes to make the make the deal. Because we ware owners and investors ourselves, we also understand the long-term implications of any transaction, and what truly constitutes a good deal for owners in terms of a stable, long-term tenant, rather than just what will temporarily fill the a space. It's an owner-centric perspective that our clients very much appreciate.
Retail Tenant or Buyer Rep - when we're representing retail tenants or buyers, we simply take all our knowledge, experience and expertise and switch it to the tenant's perspective, finding the best property for their business, negotiating the best deal on their behalf and aggressively representing their best interests at all times. We are particularly skillful at tenant and buyer representation because we understand the transaction from both sides.
Retail Property Management
In addition to keeping a retail property fully leased, the other critical element
to a vibrant and successful retail property is skillful property management.
This translates to: aggressive and proactive lease renewals and/or plenty
of advance notice to the leasing team if a tenant is not renewing to avoid
a prolonged vacancy or empty storefront, and keeping the appearance of the
center in top condition at all times, meaning:
- Parking lots clear of weeds, trash and debris
- Parking lot repairs, and clear, fresh striping or seal coating when necessary
- Building exteriors in good condition
- Diligent signage and lighting maintenance - (no cracked or broken signs or non-working lights)
- Aggressive snow removal strategies for parking lots and sidewalks
- Landscape maintenance where applicable
- Parking management.
- Frequent visits to monitor condition of property and tenants
In addition, successful property management for retail properties includes:
- Aggressive collections and immediate alerting of ownership if any tenants appear to be struggling
- Careful lease administration, including rent escalations and percentage rent provisions (if applicable)
- Skillful and successful tenant relations
- Superior responsiveness
- 24/7/365 emergency contact and response
- Long-standing, trust-tested relationships with outstanding contractors and service providers
- Expert money management and accounting
- Strict cost containment of CAM expenses; timely CAM reconciliations
- Outstanding economies of scale and service sophisticated cost-saving measures, exceptional cost control
- Expert positioning of the property for leasing
- Expert positioning for sale or long-term hold, depending on the owners' intent
- Detailed performance reporting in whatever format owners prefer
- Happy and satisfied tenants, which translates into lease retention, on time payments, referrals, customers and an improved bottom line.
Customer Service for Retail Properties - Big Fish in
a Medium Pond
It's easy to give lip service to exceptional customer service, but we actually deliver. Because we are not chasing or focused on the biggest retail deals, or the biggest retail building owners -- preferring instead to focus on small and medium retail properties and owners, -- you are a big fish to us, a big fish in not a small pond, but a medium pond. You get all the advantages of a "big pond" commercial real estate company, but with exceptional and personalized attention and outstanding customer service.
We could talk all day long about how wonderful our customer service is for retail properties, but unless you experience it for yourself or a trusted third party tells you about it, it won't mean much. So instead of a long winded diatribe about how wonderful we will treat you, we well just tell you that we are easy to reach, return calls promptly, bend over backwards to meet your needs, and provide a wonderful overall experience - because that is the only appropriate way to treat clients. And because if we don't take good care of you, we won't be around very long
We invite you to read what our clients are saying about our services and then give us a call. We also want to mention that, in addition to our skilled services, our clients have exclusive access to our network of appraisers, surveyors, environmental engineers, contractors, architects, exchange experts, lenders, and developers for expert advice and solutions to complex warehouse management or leasing questions and challenges.
For expertise in retail leasing and property management, retail receiverships or expert witness testimony, call us today:
Sperry Properties, Inc.
Denver Retail Leasing and Property Management Specialists
(303) 592-1050
Retail Property Services
Our retail property services include:
- Selling Owner Occupied Property
- Buying a Property For Your Business
- Selling an Investment Property
- Buying an Investment Property
- Leasing Your Building
- Finding Lease Space for Your Business
- Property Management
- Receiverships
- Expert Witness Testimony
In addition, our clients have exclusive access to our network of appraisers, surveyors, environmental engineers, contractors, architects, exchange experts, lenders, and developers for expert advice and solutions to complex questions. In addition to providing simple property solutions, we can advise our clients on more complex issues such as rezoning, change of use, and redevelopment.
For more information, visit any of these pages, or simply call us to today to discuss how our retail leasing and/or property management services can simplify your life, find you the ideal retail space or tenant, and/or improve the value of your asset:
Sperry Properties, Inc.
Denver Retail Leasing and Property Management Specialists
(303) 592-1050