The Vendor is required to provide real estate broker services include:
1. Market analysis & strategy development
• Conduct market research and analysis on local, regional, and national retail trends, demand, and competition.
• Assess current retail landscape in targeted locations to identify gaps and opportunities.
• Develop a strategic leasing plan for attracting a diverse mix of retail tenants that align with agency goals.
• Create and implement a robust retention strategy for retail clients by leveraging new offerings in agency development pipeline.
2. Property marketing & advertising
• Develop customized marketing materials (e.g., brochures, online listings, etc.) for each commercial space.
• Utilize digital marketing strategies, including listings on key commercial real estate platforms, social media, and email campaigns.
• Facilitate property tours for prospective tenants and provide in-depth presentations on property benefits and features.
3. Leasing services
• Actively engage with and attract retail/commercial tenants, leveraging industry relationships and networks.
• Negotiate and secure lease agreements on behalf of hoc with terms favorable to its business objectives.
• Coordinate with legal teams to review and finalize lease agreements, ensuring compliance with industry standards and applicable regulations.
4. Transaction management
• Provide end-to-end transaction management services, including drafting letters of intent, negotiating lease terms, and managing due diligence.
• Ensure timely execution of agreements, coordinate with relevant stakeholders, and oversee all aspects of lease execution.
• Maintain records of all transactions and provide regular updates and summaries for hoc.
• Assist agency team with renegotiation of defaulted leases and work out scenarios.
5. Ongoing tenant relationship management
• Act as a liaison between tenants and hoc to address lease concerns, space modifications, and operational issues during tenant lease term.
• Provide strategic support to maintain tenant satisfaction and reduce turnover rates, including regular follow-up on tenant needs.
• Advise on lease renewals and provide market-based recommendations for rent adjustments or modifications.
6. Reporting & analytics
• Attend monthly meetings/calls to discuss leasing activity.
• Deliver monthly and quarterly reports on leasing activity, market conditions, and financial performance.
• Provide data analytics on vacancy rates, tenant mix, and rent trends to support informed decision-making.
• Generate ad-hoc reports as requested by hoc to assist in performance tracking and strategic planning.
• Generate lease abstracts for each commercial lease.
7. Consultative support for future planning
• Advice on portfolio expansion or retraction based on market conditions and retail performance trends.
• Offer strategic recommendations for optimizing asset value and maximizing occupancy.
- Contract Period/Term: 2 years
- Questions/Inquires Deadline: June 16, 2025