That Retail Property Guy
Welcome to That Retail Property Guy, the podcast where retail property expert Gary Marshall champions retail tenants and empowers professionals across the industry. With a career spanning decades, a dozen retailers, and millions in recovered losses for leading UK retailers, Gary shares his unparalleled knowledge to help retail tenants protect their rights, navigate leases, and maximise opportunities often overlooked by landlords, estates and accounts teams.
This podcast is your go-to resource for unlocking the mysteries of retail property. Whether you're an experienced professional, a mid-sized chain, or someone just starting in the industry, Gary’s insights will help you build confidence, avoid pitfalls, and thrive in this complex field.
Through practical advice, real-world examples, and interviews with industry leaders, That Retail Property Guy is dedicated to fostering development and knowledge-sharing for the next generation of retail property experts.
Listen weekly and discover how small insights can lead to big wins for retail tenants everywhere. Start your journey to retail property mastery today!
That Retail Property Guy
Measure Twice, Cut Once - Accurately Assessing Size and Space for Retail Rent Reviews
Measuring Up in Rent Reviews: Key Considerations for Retail Tenants
In this episode of 'That Retail Property Guy,' host Gary Marshall discusses crucial aspects of negotiating rent reviews from a retail tenant's perspective. Emphasising the importance of carefully measuring and assessing retail spaces according to RICS, GOAD, and practical guidelines, Gary explains how comparable evidence and good neighbour relationships can influence rent negotiations. The episode also covers the significance of location, the physical layout of properties, and using methodologies in the RICS code of measuring like GIA, NIA, and ITZA to determine rental values effectively. Listeners are encouraged to seek expertise from property professionals who specialise in tenant representation. Tune in for valuable insights and strategies to help retail tenants maximise their potential in rent negotiations.
00:00 Reminder of Retail Property Insights
00:19 Understanding Size and Space in Rent Reviews
00:51 The Importance of Comparable Evidence
01:43 Building Alliances with Neighbours
02:42 Analysing Rental Values
04:01 GOAD Plans
04:17 Measuring Usable Space Effectively
06.14 RICS Code of Measuring Practicing GIA and NIA
07:27 In Terms of Zone A (ITZA) Retail Space Valuation
10:40 Summarising Valuation Methodologies
12:22 Final Thoughts on Expert Advice
Related episodes:
Leases, Landlords, Location Location - Demystifying Rent Reviews for Retail Tenants
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