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Become A Leasing Associate

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Working As A Leasing Associate

  • Getting Information
  • Performing for or Working Directly with the Public
  • Resolving Conflicts and Negotiating with Others
  • Interacting With Computers
  • Selling or Influencing Others
  • Deal with People

  • Make Decisions

  • Stressful

  • $58,250

    Average Salary

What Does A Leasing Associate Do At Simon Property Group

* The successful candidate’s responsibilities will include, but not be limited to:
* Locate, identify and evaluate potential Specialty Leasing (SL) tenants and other income sources for shopping center properties in both common area and in-line vacancies.
* Develop and implement plan to include regularly attending trade shows, review publications and canvass the area to identify retailers and other potential income generating tenants.
* Develop and maintain relationships with prospective SL tenants and existing mall tenants.
* Network with area leasing representatives and industry associates.
* Identify and develop new leasable locations in the common area.
* Negotiate Lease Agreements:
* Establish SL rent guidelines and income objectives for properties based on analysis of sales, permanent leases and income goals of the property.
* Negotiate Lease Agreements and submit tenant information, terms, locations and use clause for approval.
* Generate SL income for assigned properties to achieve assigned SL financial goals.
* Ensure maximum occupancy and minimum downtime occurs.
* Support in-line leasing efforts by assisting in identifying, developing local tenants into potential permanent tenants.
* Report to and work with the Specialty Leasing Manager to achieve property and overall SL program goals.
* Submit regular weekly reports to identify deal making, forecasting, revenue goal achievement and other program implementation status.
* Assist Vice President – Specialty Leasing and Specialty Leasing Manager in identifying and completion of SL national tenant deals.
* Assist in identifying potential new multiple-mall and national tenants.
* Refer prospect to Specialty Leasing Manager or directly to other Simon Property Group properties.
* Coordinate SL-related administrative duties with Mall Managers and other Property Management staff.
* Coordinate completion of Lease Agreements, SL program administration and SL tenant setup.
* Monitor rent collection, income transmittals, sales reporting and the accurate processing of Lease Agreements.
* Monitor monthly and quarterly property and Home Office SL income and expense reports.
* Assist Mall Managers in achieving the acceptable merchandising and visual presentations.
* Monitor placement if units/tenants in the common area.
* Coordinate merchandise mix with leasing to ensure beset use of the space.
* Communicate required Specialty Leasing visual presentation standard to the tenants.
* Coordinate activity of Visual Merchandiser and tenant

What Does A Leasing Associate Do At Confidential

Assist the designated Asset Manager in developing a marketing and leasing strategy for each property and then execute the approved strategy Assist the designated Property Manager and Director of Construction in the space planning and tenant improvement process to ensure seamless execution of tenant-related construction Develop and maintain excellent working relationships with third-party leasing brokers and prospective/existing tenants Effectively source and screen prospective tenants Negotiate new leases, renewals, expansions Prepare and maintain weekly leasing activity and prospect tracking reports Prepare leasing proposals for presentation to senior management Maintain a thorough understanding of local leasing market dynamics, in particular those impacting office properties

What Does A Leasing Associate Do At B.F. Saul Company

* Duties will include, but are not limited to the following:
* Respond to inquiries to set appointments with potential residents
* Conduct tours of the community, apartments and amenities; highlighting apartment features and amenities.
* Processing lease applications and qualifying residents
* Maintaining information about the competitive market set and surrounding community
* Supporting the team with general office and administrative tasks as needed

What Does A Leasing Associate Do At Ryder System

* Local Lease Administrator will be responsible for auditing local lease contract packages
* Ryder is proud to be an Equal Opportunity Employer and Drug Free workplace.
* All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability._

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How To Become A Leasing Associate

Real estate brokers and sales agents need at least a high school diploma. Both brokers and sales agents must be licensed. To become licensed, candidates typically must complete a number of real estate courses and pass a licensing exam. 

Education

Real estate brokers and sales agents must have at least a high school diploma or equivalent. Although most brokers and agents must take state-accredited prelicensing courses to become licensed, some states may waive this requirement if the candidate has taken college courses in real estate. 

As the real estate market becomes more competitive and complex, some employers are preferring to hire candidates with college courses or a college degree. Some community colleges, colleges, and universities offer courses in real estate. Some offer associate’s and bachelor’s degree programs in real estate, and many others offer certificate programs. Courses in finance, business administration, economics, and law also can be useful.

Brokers intending to open their own company often take business courses, such as marketing and accounting. 

In addition to offering prelicensing courses, many real estate associations have courses and professional development programs for both beginners and experienced agents. These courses cover a variety of topics, such as real estate fundamentals, real estate law, and mortgage financing.

Licenses, Certifications, and Registrations

In all states and the District of Columbia, real estate brokers and sales agents must be licensed. Licensing requirements vary by state, but most have similar basic requirements:

Candidates must:

  • be 18 years old
  • complete a number of real estate courses
  • pass an exam

Some states have additional requirements, such as passing a background check. Licenses typically are not transferable among states. However, some states have reciprocity agreements and will accept licenses issued by some other states. 

To obtain a broker’s license, individuals generally need 1 to 3 years of experience as a licensed sales agent. They also must take additional formal training courses. In some states, a bachelor’s degree may be substituted in place of some experience or training requirements. 

State licenses typically must be renewed every 2 to 4 years. In most states, brokers and agents must complete continuing education courses to renew their license. To verify exact licensing requirements, prospective brokers and agents should contact the real estate licensing commission of the state in which they wish to work.

Work Experience in a Related Occupation

To get a broker’s license in most states, real estate brokers must have experience working as a licensed real estate sales agent. Requirements vary by state, but most require 1 to 3 years of experience. 

Training

Real estate sales agents improve their skills through practice and repetition. Because of the sales environment and the complexity of real estate deals, new agents typically observe and work closely with more senior agents. In addition, some of the larger real estate companies provide formal classroom training for new agents as a way to gain knowledge and experience, while others provide training to employees studying for their real estate licensing exam.

Advancement

Sales agents who earn their broker’s license may open their own offices. 

Important Qualities

Business skills. Because most brokers are self-employed, they must manage every aspect of their business. This task includes reaching out to prospective clients, handling their finances, and advertising their services.

Interpersonal skills. Strong interpersonal skills are essential for real estate brokers and sales agents, because they spend much of their time interacting with clients and customers. To attract and keep clients, they must be pleasant, enthusiastic, and trustworthy. 

Organizational skills. Real estate brokers and sales agents must be able to work independently, managing their own time and organizing, planning, and prioritizing their work.

Problem-solving skills. Real estate brokers and sales agents need to be able to quickly (sometimes immediately) address concerns clients or potential customers may have with a property. They also mediate negotiations between seller and buyer.

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Leasing Associate jobs

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Top Skills for A Leasing Associate

OutstandingCustomerServiceOccupancyRateFinancialAnalysisRealEstateSquareFeetProspectiveResidentsProspectiveTenantsCurrentResidentsInternetLeaseAgreementsResidentRetentionCustomerSatisfactionNewResidentsOfficeSpaceProductKnowledgeYardiPotentialResidentsPropertyManagementPhoneCallsBackgroundChecks

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Top Leasing Associate Skills

  1. Outstanding Customer Service
  2. Occupancy Rate
  3. Financial Analysis
You can check out examples of real life uses of top skills on resumes here:
  • Developed relationships with Landlords and franchisees, providing outstanding customer service utilizing strong communication and organizational skills.
  • Average 12.2 move ins a month Created database of contacts to increase traffic Maintain occupancy rates of 91% or higher
  • Review of financial analysis of Loan Officer Reports for accuracy and adherence to Standard Operating Procedures.
  • Managed top brokers book of business with $124M worth of commercial and medical office real estate.
  • Monitored 850 storage spaces, over nearly 100,000 square feet of space, in a 4 story building.

Top Leasing Associate Employers

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