Retail Leasing Specialist

3 days ago

Dubai, Dubai, United Arab Emirates Decision Management Consultants Full time
Roles and responsibilities

Develop and implement leasingstrategies to maximize occupancy and rentalincome.

Ensure the retail mix aligns with theproperty's overall vision and target customerprofile.

Identify and engage potential retailtenants, including national, regional, and localbrands.

Negotiate lease terms, rental rates, andconditions with tenants, ensuring alignment with propertygoals.
Draft, review, and finalize lease agreements incollaboration with legal and complianceteams.

Desired CandidateProfile

Bachelor's degree inbusiness administration, Real Estate, Marketing, or a relatedfield.

5+ years ofexperience in retail leasing or commercial propertyleasing.

F&BLeasing experience is must.

  • NegotiationSkills : Strong negotiation abilities to securefavorable terms for both the property owner and tenants. Thisincludes understanding market conditions and having a keen sense ofhow to structure lease termseffectively.

  • MarketKnowledge : A solid understanding of the retail realestate market, trends, and competition. This includes stayinginformed about consumer behavior, emerging retail sectors, andshifts in the retaillandscape.

  • CommunicationSkills : Strong verbal and written communicationskills to effectively communicate with tenants, property owners,and internal teams. This also includes preparing clear andprofessional lease documents and marketingmaterials.

  • RelationshipManagement : Building and maintaining positive,long-term relationships with both potential and current tenants,addressing their needs and concerns, and ensuring tenantsatisfaction.

  • Attentionto Detail : Ensuring that lease agreements areaccurate, complete, and legally compliant. This is crucial inpreventing disputes and maintaining smoothoperations.

  • FinancialAcumen : Understanding the financial aspects ofleasing, such as rent pricing, lease structuring, operating costs,and property valuation. Managing budgets and tracking lease revenueandexpenses.

  • ProjectManagement : The ability to handle multiple leasingprojects at once, including negotiating leases, overseeing propertymarketing, and coordinating with other departments like legal orpropertymanagement.

  • Problem-Solving :Ability to handle tenant issues, late payments, disputes, andchallenges in a proactive manner.

Desired candidate profile

  • LeaseNegotiation : Negotiating lease terms with potentialtenants, including rent, lease duration, renewal options, and otherterms related to property usage. The goal is to create mutuallybeneficial agreements while ensuring profitability for the propertyowner or managementcompany.

  • TenantAcquisition : Identifying potential tenants foravailable retail spaces, conducting market research to understandtenant needs, and reaching out to prospective tenants or leasingbrokers.

  • PropertyMarketing : Promoting available retail spaces toattract tenants, which may include creating marketing materials,holding property tours, and attending networking events. Ensuringthat properties are advertised effectively through the rightchannels.

  • MarketResearch and Analysis : Analyzing the local retailmarket and understanding trends to set competitive lease terms andattract high-quality tenants. This includes studying competitorproperties, understanding demographics, and staying informed abouteconomic conditions affectingretail.

  • LeaseAdministration : Overseeing the lease process,including the preparation and execution of lease agreements.Ensuring that lease documents comply with legal regulations and thecompany'spolicies.

  • TenantRelations and Retention : Building and maintainingstrong relationships with existing tenants, ensuring that they aresatisfied with the leasing terms and managing any issues that ariseduring the lease term. Working on tenant retentionstrategies.

  • FinancialOversight : Monitoring and managing the financialaspects of leases, including ensuring that tenants make timelypayments, handling late fees, and negotiating rent increases orrenewals based on marketconditions.

  • SpacePlanning : Working with tenants to ensure that retailspaces are customized to fit their needs, whether throughconstruction, renovation, or designadjustments.

  • PropertyManagement Collaboration : Collaborating withproperty management teams to ensure that the property iswell-maintained, including overseeing any building improvements orrepairs that impacttenants.

  • LegalCompliance : Ensuring that lease agreements complywith local laws and regulations, such as zoning laws, rent controlregulations, and property managementrules.

KeySkills
Administrative Operations,RetailEnvironment,Retail Experience
Employment Type: Full-time
Department / FunctionalArea: Retail
Experience: years
Gender: Male
Vacancy: 1

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