Services
Retail Real Estate Advisors (RREA) is a company that specializes in facilitating transactions related to retail properties. Our primary duty involves acting as an intermediary between property owners/landlords and tenants/buyers, assisting both parties in achieving their respective goals. We may be hired for one or many of the following services. Here’s a breakdown of our typical duties:
Owner/Landlord Based Services
- Market Valuation: Retail Real Estate Advisors (RREA) will assess the current market value of a property, considering factors like location, size and current retail trends. This helps owners set a competitive asking price
- Land Assemblage: For development projects, land assemblage is a tactic employed in land acquisition, where RREA may assist in the acquisition of two or more adjacent parcels, combining them into one.
- Property Listing and Marketing: Commercial real estate brokers work with property owners to list their retail spaces for lease or sale. Retail Real Estate Advisors creates marketing materials such as brochures, online listings, and advertisements to attract potential tenants or buyers.
- Market Research and Analysis: Retail Real Estate Advisors will conduct a thorough market research study to stay informed about current trends, rental rates, vacancy rates, and demographics affecting retail real estate. This helps us provide valuable insights to both landlords/owners and tenants/buyers.
- Tenant Screening and Selection: RREA will screen potential tenants/buyers to ensure they have a good credit history, a strong business plan, and the financial capacity to handle the lease or consummate a purchase. They handle initial communication and tours with interested parties.
- Lease Negotiation: Retail Real Estate Advisors has the knowledge and experience to negotiate terms and conditions on behalf of their clients. This includes pricing, lease duration, tenant improvements, and any other pertinent clauses in retail real estate contracts. The goal is to secure the most favorable terms for their clients.
- Due Diligence: RREA can assist clients with due diligence processes, which may involve inspecting properties, reviewing lease agreements, zoning regulations, comparable sales or rentals and other legal documents to ensure compliance and mitigate risks.
- Tenant Retention and Expansion: For landlords, Retail Real Estate Advisors help with tenant retention strategies and lease renewals. We may also assist tenants with expanding or relocating their retail operations as their businesses grow.
- Relationship Management: RREA supports building and maintaining relationships with landlords, tenants, developers, investors, and other industry professionals and is crucial for success in retail real estate brokerage. This network allows Retail Real Estate Advisors to access a wide range of opportunities and resources.
- Transaction Management: Brokers oversee the entire transaction process, from initial property search to lease or sale closing. They coordinate with attorneys, architects, lenders, inspectors, and other parties involved to ensure a smooth and timely transaction.
- Consulting: For retailer expansion or retail development.
- Regional Retail Store Rollout: Identify business opportunities and competition.
- Advisory Services: Beyond transactions, RREA can provide advisory services to clients, offering insights on market trends, investment opportunities, property valuation, and strategic planning.
- Legal Compliance: Retail Real Estate Advisors stays up-to-date with relevant laws, regulations, and industry standards that are essential for retail real estate brokers to ensure all transactions are legally compliant and ethically sound.
Lesee or Tenant /Buyer Services
- Market Research and Analysis: Retail Real Estate Advisors will conduct a thorough market research to stay informed about current trends, rental rates, vacancy rates, and demographics affecting retail real estate. This helps them provide valuable insights and direction to both tenants and buyers.
- Tenant/Buyer Representation: RREA represents retail tenants looking for suitable space to lease or purchase. This involves understanding the client’s needs, preferences, and budget constraints, then identifying appropriate properties that match these criteria.
- Tenant Expansion: For tenants, Retail Real Estate Advisors can help with lease renewals and may also assist tenants with expanding or relocating their retail operations as their businesses grow.
- Transaction Facilitation:RREA can help tenants/buyers navigate the leasing and purchase process, ensuring all necessary paperwork is completed and deadlines are met.
Retail Design and Project Projections
With the help of LR Designs, Retail Real Estate Advisors can develop a site from concept to a fully leased project ready for development.
I have known Ria and worked with her for over 20 years. We’ve done a number of deals which led to successful tenancies, and perhaps more important to successful retail operations in multi-tenant properties. As a tenant representative, Ria has shown extensive knowledge in understanding specific retailer site requirements and she has used her network of contacts to optimize a search for “off market” deals. Moreover, she understands retailing and her clients’ operations. During the course of time that I have worked with Ria, she has demonstrated great follow up, fairness, and the ability to conclude retail leases that last for years. I have recommended Ria in the past and will continue to do so.
Retail Real Estate Advisors and Ria in particular, are a great source for information on the current conditions and realities of todays retail environment. I would recommend them to anyone who wishes to attract great tenants or find the ideal space to locate a business.