Here's how you can stay informed and boost your industry knowledge in Commercial Leasing.
Navigating the commercial leasing landscape requires staying current with industry trends and best practices. Whether you're a seasoned professional or new to the field, knowledge is the key to success. This article will guide you through various strategies to enhance your understanding and keep you informed about commercial leasing, ensuring you're well-equipped to make savvy decisions and grow in your career.
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Zubaid ShaikhBusiness Head - Commercial Leasing and Sales at Justo | Ex Tribeca Developers | Ex Panchshil Realty
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David Pennetta SIOR, LEED GAExecutive Managing Director @ Cushman & Wakefield | Unlocking opportunities, maximizing returns, helping clients and…
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Reggie MooreCommercial Advisor at eXp Commerical/ Assisted Living Acquisition Specialist/ National Director of Veterans Resources…
Diversifying your reading materials is crucial in commercial leasing. Engage with a wide array of publications, from industry-specific journals to broader business news. This will help you understand the market dynamics, regulatory changes, and innovative practices that could impact your leasing strategies. Keeping abreast of economic factors that influence the real estate market, such as interest rates and property values, is also beneficial for making informed decisions.
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Zubaid Shaikh
Business Head - Commercial Leasing and Sales at Justo | Ex Tribeca Developers | Ex Panchshil Realty
Reading various reports can always be beneficial. Fortunately, most IPCs publish their reports, monthly / quarterly. These reports work wonders in terms of getting an overview of the major markets.
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David Pennetta SIOR, LEED GA
Executive Managing Director @ Cushman & Wakefield | Unlocking opportunities, maximizing returns, helping clients and customers as a trusted corporate real estate partner.
How can you stay informed and boost your industry knowledge in Commercial Leasing. I can offer many options but the easiest is to be friends with me... :)
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Reggie Moore
Commercial Advisor at eXp Commerical/ Assisted Living Acquisition Specialist/ National Director of Veterans Resources at eXp Realty / US Navy Veteran / Benefits Advisor with Veterans Network Champions Club
As a commercial advisor, I highly recommend diversifying your reading material for commercial leasing. This will help you stay up-to-date on industry trends, gain new insights, and make informed decisions for your business. By expanding your knowledge base, you'll be better equipped to navigate the competitive commercial leasing landscape and find success for your business. Take advantage of various resources such as industry publications, online forums, and expert blogs to broaden your understanding and stay ahead of the curve. Remember, knowledge is power, and diversifying your reading material is a valuable investment in your business's future.
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Irena Petrovic
Managing Director - Buyers Agent
Education is the key. Wood be nice to get connected to people in the industry and see what their experiences have been. Dubai or New York is my preference always to move with this sector.
Industry events and conferences are gold mines for learning and networking. They provide opportunities to hear from experts, discover new technologies, and discuss challenges with peers. By attending these events, you can gain insights into emerging trends and best practices that can be applied to your commercial leasing endeavors. Plus, the relationships you build can become invaluable resources for exchanging ideas and advice.
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David Pennetta SIOR, LEED GA
Executive Managing Director @ Cushman & Wakefield | Unlocking opportunities, maximizing returns, helping clients and customers as a trusted corporate real estate partner.
Be a voice and not an echo. Attending events is nice, but participating as a panelist of experts or moderating said panel is a better way. Be a voice...
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Andy Daro
Commissioner of North Bay Village and Leader of The Daro Team at Compass, Florida
1. Boost your industry knowledge in Commercial Leasing by staying informed. 2. Engage with industry resources like publications, online forums, and seminars. 3. Network with experts and peers. 4. Attend workshops and webinars to stay updated on trends and regulations.
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Irena Petrovic
Managing Director - Buyers Agent
I found that attending events would bring the most success. I would love to hear about events in the industry and be part of it. Always great to connect with professionals.
Leveraging online courses can dramatically increase your commercial leasing acumen. Many reputable institutions offer courses that range from foundational knowledge to advanced strategies in commercial real estate. By enrolling in these courses, you can learn at your own pace and tailor your education to specific areas where you want to deepen your expertise or fill knowledge gaps.
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Irena Petrovic
Managing Director - Buyers Agent
Learning online at your spare time and getting knowledge will put you ahead of others and give you privilege in the industry. It’s inspiring to develop yourself professionally. I would love to do a course ans learn more. Great to have interactive training and connect with people professionally.
Active networking is a cornerstone of career growth in commercial leasing. Connect with professionals in your industry through social media platforms, local real estate groups, or by reaching out to colleagues. These connections can offer real-time insights into the leasing landscape, provide mentorship, and even lead to collaborative opportunities. Remember, sharing your own experiences can also contribute to the collective knowledge of your network.
A hands-on approach to learning is analyzing actual commercial leasing deals. Reviewing contracts, assessing tenant mix, and studying lease structures can provide practical insights into successful leasing strategies. By understanding the nuances of different deals, you can better anticipate challenges and opportunities in your own transactions, ultimately honing your negotiation and decision-making skills.
The commercial leasing industry is ever-evolving, so staying adaptable is key. Embrace new technologies and be open to changing market conditions. Staying adaptable also means being willing to reassess and update your strategies in response to new information. This flexible mindset will not only keep your knowledge current but also position you as a forward-thinking professional in the field.
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David Pennetta SIOR, LEED GA
Executive Managing Director @ Cushman & Wakefield | Unlocking opportunities, maximizing returns, helping clients and customers as a trusted corporate real estate partner.
If you are older, you have a stronger base for utilizing technology. MSWindows 95 (1995) was the major leap forward adding a mouse and cursor to click icons to get things done. Prior to that we had to type machine code to get a computer to do anything. We know what happens behind the icons. Put the effort in and stomp those Gen Zs ;)
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Joanna W.
Leveraging on AI to do the matching/recommendations for your tenant mix or tenants profiling , you would have several applications that might be shortlisted for a certain space .