I believe if you had to close 10 deals in 10 days, you’d be better off spending 9 of those days sharpening your strategy. That means knowing your own space, your competitors’ spaces, whether new entrants are raising or lowering rents, and whether your prospects’ businesses are growing or fading. It means knowing what’s shifting in your local demographics and whether new roadwork or new employers are about to change your market.
You can get away without doing this once. I did, with Sir Speedy, back on my very first day. But when you don’t know why something worked, you can’t repeat it. Luck runs out fast. Market intelligence is what lets you replicate success instead of hoping for it.
You don’t need weeks to gather this. Get out and walk your competitors’ centers in person. Grab coffee with neighboring leasing agents and trade real intel, social media only tells you so much. And if you get a prospect you can’t help, send them to a competitor. It builds goodwill, and higher occupancy in your market raises rents for everyone, including you.
I got a piece of advice years ago from a national retailer with over 150 locations. Show up having done tenant-specific prep for the meeting. Retailers notice which agents did their homework, and they respond faster to the ones who did.
Rockstar Tip: Before your next prospect meeting, spend just 15 minutes finding one specific detail about their business or their competitors in your market. Bring it into the conversation. It’s a small effort that sets you apart from almost everyone else calling on that prospect.