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Tenant mix is 'a combination of factors, including the proportion of space or number of units occupied by different retail/service types, as well as the relative placement of tenants in the center'.
Tenant mix is simply putting together a collection of tenants to help maximize sales traffic which would in turn increase the sales revenue of the tenants. By creating a mix, you are actively taking a decision not to rely on market forces to dictate your tenants for your commercial property.
Tenant mix is 'a combination of factors, including the proportion of space or number of units occupied by different retail/service types, as well as the relative placement of tenants in the center'.
The tenant mix plays a significant role in enhancing a shopping mall's attractiveness among its patrons. In simpler terms, tenant mix is the placement of tenants in a shopping mall that will help to increase the income for the owner.
Anchor tenant is a major department or chain store located at a shopping mall to give maximum exposure to smaller, satellite stores. An anchor tenant is often referred to as a magnet store, anchor store, draw tenant, key tenant, prime tenant, or a traffic generator.
1:26 26:59 Suggested clip Key Principles of Managing a Shopping Center Successfully YouTubeStart of suggested client of suggested clip Key Principles of Managing a Shopping Center Successfully
leasing plan. A record of the criteria agreed upon by the owner and property manager or leasing agent regarding an acceptable leasing deal. It is a written document that is part of the marketing plan.
In commercial property, a leasing strategy is particularly crucial, especially when your property has multiple units to lease, and you are trying to achieve the best rental rates across all tenants.
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