Newmark GCS’ Retail Occupier Services group partners with retailers by supporting or entirely outsourcing the critical functions of a retail real estate department. GCS acts as a seamless extension of our clients' corporate real estate departments.
Whereas a retailer's internal real estate department might engage two professionals, GCS Retail Occupier Services can assign multiple professionals with the right mix of knowledge. The GCS team brings specific skills that provide unparalleled expertise and service quality, whether it be for lease renegotiations and renewals; disposition programs; store renovation; reinvestment projects or other initiatives.
GCS Retail Occupier Services account teams are led by professional retail real estate managers who have had significant national responsibility for retail portfolio management that is directly transferable to our clients' needs. Transaction competency and brokerage remain relevant and add value as one of many inputs to the process. However, today's real value proposition comes from a coordinated and combined execution of strategic analysis, transaction and asset management, project management, lease administration and facilities maintenance.
Value in the retail real estate market today is not transaction-driven. Instead, real value can be unlocked from within existing store portfolios, through effective and efficient lease administration, facilities maintenance and portfolio management. Portfolio optimization is a business process management endeavor, involving continuous evaluation and benchmarking.
In addition to helping our clients formulate a sound real estate strategy, GCS Retail Occupier Services implement and maintain robust, integrated IT and data management solutions for our clients. This includes customized point solutions that can be integrated into information dashboards and decision-making tools, giving client managers and decision-makers real time, trustworthy and web-accessible data.
For more information, visit the Newmark Retail Occupier Services website.