What does a Commercial Property Manager do?
Learn all about Commercial Property Manager duties, skills and much more. Get expert advice on how to become a Commercial Property Manager.
Published 3 min read
A commercial property manager is responsible for the overall management of a commercial property. This includes tasks such as marketing the property, collecting rent, and dealing with maintenance issues.
Commercial Property Manager job duties include:
- Review and approve all new commercial tenancy applications.
- Negotiate and execute all commercial lease agreements.
- Manage and monitor all commercial property maintenance and repair issues.
- Oversee and coordinate all commercial property renovations and improvements.
- Prepare and maintain all commercial property financial records and budgets.
- Develop and implement marketing strategies to maximize commercial property occupancy levels.
- Liaise with local businesses, government agencies, and the community at large.
- Respond to all tenant inquiries and concerns in a timely and professional manner.
- Ensure that all commercial properties are in compliance with applicable laws and regulations.
Commercial Property Manager Job Requirements
A Commercial Property Manager is responsible for the overall management of a commercial property. This includes but is not limited to: marketing and leasing of the property, maintenance and repair of the property, financial reporting, and compliance with all laws and regulations. A Commercial Property Manager should have a minimum of a Bachelor's degree in business, real estate, or a related field. In addition, experience in commercial property management is highly preferred. Some employers may require certification from the Institute of Real Estate Management (IREM).
Commercial Property Manager Skills
- Problem solving
- Decision making
How to become a Commercial Property Manager
A commercial property manager is responsible for the day-to-day operations of a commercial property, such as an office building, retail center, or industrial park. The manager is responsible for ensuring that the property is well-maintained and running smoothly. In order to become a commercial property manager, one must have a strong background in business and management. Additionally, experience in the real estate industry is highly beneficial. Commercial property managers must be detail-oriented and organized, with excellent communication and customer service skills.