In the recent reading from few article about the retail property rental market, we sum up the following points we discuss.
According the big landlords like AMP, Westfield, Centro, they do have 125 leases expire annually & for retail property renew on contact the following items can be aware & do make a favorable lease for business owners.
1) Rental cost not actually goes down , instead bouns & free rent period does offer, so bargain for it
2) Retail sales not fully recover, landlord will offer financial assistance for tenants.
3) Disucss your new lease contact with your landlord 9 months before the old expired, this may get a better result
4) Try to set down the contract for the next couple of year while rent are cheap now.
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