Commercial Property

Commercial property Management

Commercial property management involves being able to prioritize and execute a wide array of tasks. For example, advertising, marketing, and leasing processes are all part of the commercial manager”s job; because commercial leases are generally longer than other properties, with built-in renewals (ie. a five year lease with options to renew) and rent escalations, both the marketing and lease negotiation processes are longer and more involved than in other types of property management. However, commercial property managers have less hands-on tasks once the space is leased than other managers, as many commercial tenants of spaces — like offices, retail units and industrial suites– often take care of their own general maintenance, and in some cases, design and customize the interior of the space to suit their businesses.

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