Finding the Right Tenant Mix for Your Shopping Center

In shopping centre management and leasing today, it is essential that you find the right tenant mix to encourage customer sales and tenant activity.

Every tenant that you place in a property should be carefully considered for product or service offering, together with their relationship to other tenants nearby. That is where the tenancy mix process becomes really important.

So the message here is quite clear, the right tenancy mix can improve the property in a number of ways. Consider these issues:

  • Successful tenancies underpin the market rental for the property. They will also create a factor of attraction to other tenants considering occupancy.
  • A lower vacancy factor over time will improve the relationships between the tenants and the landlord. Most tenants like to be part of a successful shopping centre.
  • A tenancy mix that has been matched to the local shopper demographic can be easily marketed to the community to encourage future sales and customer visits.

So the choice of a tenant to fill a vacancy is quite important. At the beginning of every financial year, the property manager together with the landlord should make some observations about the market, and formulate some choices about tenant selection and placement for the coming 12 months. This then simplifies the tenant replacement process when it needs to occur.

These rules or guidelines can be set as part of a tenant retention plan and the tenant mix strategy. They are two separate and essential initiatives requiring consideration by the landlord. When these strategies are developed, they can be merged into the business plan for the property and therefore considered as part of the bigger leasing picture.

In establishing a tenancy mix strategy, consider the following questions and issues:

  1. Some of the tenants in the property will do little towards property profile and market rental. Over time those tenants should be replaced with better quality tenants. It is a fact that a successful shopping centre will usually feature high quality tenants and a wide variety of products.
  2. Understand the relationships that your anchor tenants have towards your specialty tenants. In an ideal world, both tenancy types should be moving towards a productive shopping centre relationship and an increase in sales. Make the connections between your anchor tenants and your specialty tenants; market the property accordingly.
  3. Remember the impact of seasonal holidays and festivities. Market your property comprehensively to the shopping seasons and festivities. It will be likely that you will need a funded marketing campaign for that; a marketing Levy can be installed and negotiated into the tenants leases as part of the leasing process.
  4. Review the surrounding properties for ideas when it comes to tenancy placement and selection. Some of those properties will have strengths and weaknesses that are of value to your leasing decisions.
  5. Undertake a marketing survey of shoppers within the property. That should occur two or three times a year so that you can understand the shifts and changes to the shopping patterns. Most shoppers today are looking for convenience, value, and comfort. It can also be said that the presentation of the shopping centre will have a lot to do with the attraction of shoppers to the property in an ongoing way. The entire retail equation needs to be well managed.
  6. Connect with the local retail franchise groups, to see if any can be encouraged to consider occupancy in your property. They will have standard terms and conditions that relate to their business model. Those terms and conditions will also have an impact on the design of the lease for occupancy.

Given all of the above factors, look at the subject property to understand exactly how people enter it and move through it. You will see areas of high traffic that will give you advantages when it comes to tenant placement and marketing. Generally the entrance ways to a property and the zones of high foot traffic will be suitable for smaller tenancies and therefore higher rentals per unit of area.

Your First Gluten Free Shopping Trip

When you’re first diagnosed with a gluten intolerance, otherwise known as celiac disease, it can be quite traumatic and rather depressing. Others may not understand that. After all, it’s not like you have cancer or anything, just some vague food allergy, big deal. Yes, it is a big deal. No, it’s not cancer but neither are a lot of difficult conditions and circumstances people face. This is not just some vague food allergy either, it can be difficult, painful and even dangerous. Furthermore, learning you are gluten intolerant immediately and dramatically seals your fate for life; no more gluten products. So much easier said than done. This isn’t just about cutting out bread either but tons of other items, some of which you never even knew contained gluten. Meanwhile the sights and smells of both gluten-laden food products and people enjoying them are everywhere in our environment. This just isn’t something you ever even noticed much before but now, with gluten products off your list, it’s all you do notice. Now you must build a new list, a gluten free foods list. Sounds logical but suddenly the gluten foods seem painfully irresistible and your cravings soar. Breads, rolls, cookies, buns, bagels, pasta, meatloaf, croutons, etc. How can you just suddenly accept that you can no longer eat any of these foods that you’ve enjoyed all your life?

As difficult as it all is, just learning to go without some of your favorite foods is not the only challenge of going gluten free. There’s also learning how to shop and to keep your sanity while you shop. Gluten free shopping can be complicated as well as expensive. This is because gluten isn’t just found in bread, it’s found in all kinds of items. It’s even added to certain food products that wouldn’t otherwise have it. Most people never even think about whether gluten is in a food item or not. Now, you must know, and you must always know, every time you make a purchase and take a bite. To be a successful gluten free shopper you’re going to have educate yourself on gluten, learn what foods naturally have it, which one’s don’t, which one’s potentially have it, and which one sometimes have it, and when. You’ll also have to learn all about food labeling and certain ingredients and additives commonly used in food processing.

All of these things can make your first few days, weeks and months after being diagnosed with celiac disease quite dreary. The mere thought of going to a grocery store can be overwhelming. Meanwhile you may be shopping for a family as well who have no intention of seeing their gluten based diet change. Just take a deep breath and realize that given some time and experience, it will get better and you’ll adjust. There are many wonderful gluten-free alternatives just waiting for you to discover that will return culinary joy to your life. Eventually you can even learn to enjoy the challenge of gluten free shopping, discovering clever strategies, realizing new health bonuses and connecting with others who are in the same boat. We all have a tremendous capacity to adapt to new situations and find good things in our changed circumstances, you just have to give it some time.

What can be especially important for the newly diagnosed gluten-intolerant is that very first shopping excursion; so here’s a suggested strategy: First of all, don’t go it alone, and don’t go it quickly. Instead make an evening out of it. Ask someone you enjoy being with to accompany you, such as your spouse, a good friend or relative. (Do not take the kids.) Before you go shopping, have a nice meal with the person who is going to accompany you. This will not only set a pleasant tone but also keep you from being hungry in the store. Rather than having a shopping list this first trip, make the list more about learning than buying. Organize an outline of food types and categories that you want to explore. Before you ever enter the store, focus your thinking and planning on naturally gluten-free foods.

Once you’re in the store, stay away from the bread and pasta aisles as much as you can. Shopping for natural gluten-free foods won’t be too difficult, the challenge will be processed, manufactured food items. Education and planning will be key, but also patience whenever browsing items and looking at labels. As you discover items you think you might really enjoy, throw them in your basket and don’t deny yourself. After your shopping trip treat yourself and your companion to a dessert. What’s going on here is not a gluten-free learning experience, but an effort to associate your new gluten-free lifestyle with positive experiences and emotions from the very start. Additionally this will help relieve tension and other negative feelings you may have had about being diagnosed with celiac disease. This is all a way of telling yourself, it’s okay, you can do this and still lead a happy and enjoyable life with all kinds of wonderful foods. You will learn to live with gluten intolerance and live better, and healthier than ever.

After you’ve become accustomed to how to shop in your local grocery store you may also want to check out some natural food stores, as well as online stores. Costs can be a critical factor however and you’ll need to understand what you’re getting into and how to save.

Top Maui Shopping Centers – Valley Isle’s Premier Shopping Spots

Maui is a mecca for shopaholics. Maui shopping centers offer a variety of art galleries, antique shops, boutiques, gift and boutique shops, restaurants, and cinemas. A large concentration of upscale shopping centers is found in Kahului, Lahaina, and Kihei. However, the best shopping in Maui can be experienced in these shopping centers.

Lahaina Center

If you’re in the old whaling of Lahaina and would like to do some shopping or dining, head to 900 Front Street. Lahaina Center offers an eclectic mix of culture, restaurants, department stores, shops, boutiques, and a four-screen movie theater. Inside there’s a replica of ancient Hawaiian village featuring three thatch huts made of ohia wood, pili grass, and handwoven coconut twine. On Wednesdays and Fridays at 2pm, the Hilo Hattie Fashion Center features free Hula shows.

Kukui Mall

At 1819 S Kihei Road stands the only retail center that includes the only cinema theater in south Kihei. Kukui Mall is home to 21 stores and services including Starbucks, Tony Roma’s, Thailand Cuisine, and Coconut’s Bakery and CafĂ©. The mall covers a total area of 40,974 square feet and is comprised of four one-story buildings. Kukui Mall is a just a few minutes away from the resort
towns of Wailua and Makena.

Lahaina Cannery Mall

Another shopping destination in Lahaina at 1221 Honoapiilani Highway is the Lahaina Cannery Mall (the mall was once the site of Baldwin Packers plantation cannery, hence the name). The Lahaina Cannery Mall boasts of being the only fully-enclosed and airconditioned shopping center in the district. The mall has 50 shops and restaurants. If you’re hungry, try the local and International
cuisines at Pineapple Court, Lahaina Cannery Mall’s foodcourt. You might even be lucky enough to see a free Hula show, Polynesia revue, or other live entertainment that the mall sponsors. Parking is also free at the Lahaina Cannery Mall, which is open everyday from 9:30 am to 9 pm.