Property management: tips for tenant retention

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Tenant retention is on the rise but are you on tract with the trend?

2014-05-08-Property-Management-Tips-1Statistics show that rentals and vacancies are up resulting in major implications for rental growth, the main driver of optimistic valuations of commercial property. So if tenant retention is not on the top of your priority list – here’s why we think it should be.

Keeping a tenant is always economically advantageous to having to replace one.

2014-05-08-Property-Management-Tips-2Tenant retention is not a point in time activity at a lease expiration. It should be a proactive and ongoing effort to understand your tenants, their industries, and their needs and stay one step ahead. The probability of a successful tenant retention strategy increases measurably when you take an integrated approach that not only incorporates cutting edge occupier insights but also a thorough understanding of the investment objectives and lifecycle for the asset, leasing and capital markets landscape.

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