Leasing Tip of the Day: The Art of Building Relationships

If you’re in retail real estate like me, you know that the action happens at the International Council of Shopping Centers (ICSC) events. These gatherings are the goldmine for networking and building connections in our industry. With over 200 of these events happening each year, there’s really no excuse not to be a part of them, especially the local ones right in your backyard.

Local and regional ICSC events are where the magic begins. Sure, ICSC boasts a massive membership of over 70,000 people, but these smaller events usually bring together just a hundred or so attendees. It’s the perfect opportunity to sharpen your networking skills and expand your circle of industry insiders. Set a goal to meet at least 20 new faces at each local ICSC event – trust me, that’s a Rockstar-worthy aim!

The national ICSC events might seem a bit intimidating at first, not to mention expensive. But believe me, they’re worth every penny and effort you put in. These are the folks who can make your year with just a couple of productive meetings. The big retailers, the financiers, the best vendors, the investors – they’re all there. Plan your conference meticulously by arranging meetings in advance, and remember, personalized outreach is key, none of that email-blasting nonsense.

Networking doesn’t just happen within the conference walls; it starts even before you land at the venue or the airport pub. Strike up conversations with fellow travelers – chances are, they’re headed to the conference, too. And don’t stick to your comfort zone; branch out and meet new people. One of my pet peeves is when folks spend the conference hanging out with their existing buddies – that’s a missed opportunity.

Now, if you’re feeling ambitious, set a goal to meet 50 new people per day – go big or go home, right? Even if you end up with only a fraction of that, it’s still a win. Remember to smile, approach those standing alone, and be open to volunteering on an ICSC committee. You can also create your rookie dinner to ensure you’re not excluded from the ‘big’ dinners.

Lastly, don’t forget the power of sending a heartfelt Thank You note after the conference. Handwritten ones, mind you! It’s all about who knows you in this industry, and this thoughtful gesture will set you apart from the crowd.

So there you have it, folks, my take on making the most out of industry events. Happy networking, and go be a Rockstar!

Share

Blog Comments

Leave a Comment

Your email address will not be published. Required fields are marked *

More Posts

The Prospecting Tools You’re Probably Ignoring

Canvassing is my bread and butter, but it’s not the only strategy that works. Here are a few others I use, and how I use them right. For mom and pop retailers, direct message them on Facebook. I’ve been getting a 32% response rate doing this over the past eighteen months. And if you just got off the phone with a prospect, text them immediately after. That single habit has driven a 40% increase in setting showing appointments. Most mom and pops still don’t have a professional email address, but every single one of them has a cell phone. Use it. For national and regional retailers, LinkedIn works better than email. Their inboxes are flooded, but LinkedIn is still less crowded and most of them have notifications turned on. If you want to cold call a national, do it only after you’ve sent them detailed information about your center, their locations in your market, and their competitors’ locations, and confirmed they actually received it. A few more sources people overlook completely. Skim the Yelp reviews when you’re sourcing restaurants and steer clear of anything under 3 stars. Read the advertisements in your local print magazines and industry dailies. And don’t

Read More

Why Canvassing Beats Waiting for the Phone to Ring

I ask my rock stars three questions at the start of every class. How many vacant spaces do you have? How many call-ins do you get each week? How many of those are actually qualified? A qualified prospect, in my world, has more than one location and money on hand to expand. When I tally it up, only about .05% of call-ins meet that bar. If you’re depending on leasing signs and cold emails to fill your spaces, you’re going to be waiting a long time. Canvassing is what actually works. Only 2% of agents do it regularly, and I’d bet that’s the same 2% closing the most deals. It’s no longer about who you know, it’s about who knows you. Face-to-face relationships are what get you remembered when a prospect is finally ready to expand. I canvass, and so does my entire team, 10 hours a week minimum. I average 15 new business cards for every 15 stores I visit, even after 31 years in my market. I still find prospects I’d been overlooking for years. Case in point, there was a tennis shop on my route to my son’s school that I’d passed for two years without stopping

Read More

Stop Asking “Is the Owner Here?”

When I canvass with agents, almost every single one walks into a store and asks the person at the register, “Is the owner here?” It feels natural, but it’s actually the worst question you can ask. Think about who’s on the other side of that question. If they are the owner, you just told them they don’t look like it. If they’re not, you just told them they’re not important enough to talk to. Either way, you’ve disrespected the person standing in front of you before you’ve said anything useful. Skip the gatekeeper question entirely. Walk in, greet whoever you meet, and get straight to your purpose. “Hey, I have a shopping center a few miles away. What are your expansion plans?” That one line respects their time, treats them like they matter, and opens a real conversation, whether they’re the owner, the manager, or the person working the register today who might own the place tomorrow. Rockstar Tip: Cut “Is the owner here?” from your canvassing script completely. Lead with your purpose instead, and you’ll walk out with a name and contact info far more often.

Read More

Don’t Be the First to Say No

Most of us are silently saying no to prospects before we’ve asked them a single question. “They won’t be interested.” “They’re too small.” “They can’t afford our rates.” These thoughts show up automatically, and we listen to them without even realizing it. I think this comes from how we’re raised. As kids we hear no constantly, and we’re taught to just accept it. So as adults, we do everything we can to avoid hearing it again. One way we do that is by saying no on someone’s behalf before we ever give them the chance to answer for themselves. The flip side is just as damaging. When we do hear no from a prospect, some of us swing the other way and refuse to accept it, pushing and pressuring until it feels like a hard sell. Neither reaction serves you. Both come from the same place, an old discomfort with the word no that has nothing to do with your business today. The fix is simple, even if it takes practice. Ask the question you’re avoiding. Let the prospect answer for themselves. If they say no, thank them and move on. If they say yes, you just found a deal

Read More

Beth's Resources

Beth has established a reputation for “giving back” and creating a legacy of helping others. To support this mission, she offers a wealth of FREE resources for individuals in the retail leasing industry, whether you’re a newcomer or a seasoned professional. Her collection includes case studies from her nearly 40 years of experience, providing practical insights and guidance. With Beth’s resources, you’ll gain valuable tools to navigate the complexities of retail leasing and achieve your professional goals.

E-News

Subscribe to the Beth Azor e-news to stay up to date with commercial real estate trends, events, and expert advice.

We promise, no spam. Just great content.

E-News

Subscribe to the Beth Azor e-news to stay up to date with commercial real estate trends, events, and expert advice.

We promise, no spam. Just great content.