Most Commercial Real Estate brokers often find it difficult to manage multitude of their tenants. Some tenants have lease expiration date next month, others in 3 months. And a good broker must act proactively.
Let’s review the 3 most common situations:
- Brokers have a problem quickly assessing occupancy in their properties
- It takes time for a broker to find the tenant’s lease expiration date
- Brokers want to know & plan ahead their activities (months before lease expires)
And if you add “lack of time” on top of it – you get a serious issue. Because, every broker prefers to close Deals rather than pulling together research data.
To get a quick assessment and to plan ahead your actions – the industry has a very useful solution – the Stacking Plan. It shows Office Units on each floor – and lease expiration dates: