Landlords have good reason to feel frustrated with the rapid upward tick of U.S. retail vacancy rates. It is easy for the press and economists to frame statistics that vilify an industry clearly struggling to keep pace with the rate of change the consumer is demanding, but laying blame won’t help landlords adapt, survive, or start to thrive again. The good news is, landlords serious about evolving have found a powerful new resource, and they’re taking full advantage.
Longtime landlords themselves, the founders of StoreMatch were no longer prepared to wait for a stronger economy to rise and improve their business. They wanted to improve efficiency, to fill vacancies faster, to spend less time looking for deals so they could spend more time signing them. That meant replacing the listing platforms they’d settled for in the past with something new: a matchmaking tool with an unprecedented breadth of service.
The innovation starts with confidentiality. Over 10% of the nation’s retail spaces are vacant, but on traditional platforms many landlords are unable to list their full roster of vacancies for fear of giving up negotiating leverage or damaging asset valuations by posting the bleeding in public. StoreMatch landlords have no such problem: the site’s proprietary matchmaking algorithm only releases listings to qualified retailers whose businesses fit the landlords’ criteria (and vice versa).
They even take it one step further by allowing landlords to discreetly replace difficult tenants in advance by posting “Virtual Vacancies”. When all that is backed up by SSAE16 certified security infrastructure, it’s easy to feel safe.
As important as confidential matchmaking might be, it is nothing more than an added chore if it doesn’t save the user time and add dollars to the bottom line.
The founders have been through that game with the older platforms once or twice themselves, so they knew StoreMatch would need to be a major time-saver if it was going to revitalize the market. To meet that need, their service assigns each new user a personal Account Executive to help upload their information, monitor their listings, and keep an eye open for new opportunities.
That ability to do deals without the effort is something landlords have never seen before, and when StoreMatch saw how much landlords loved the concept, they felt an obligation to go the extra mile. That’s when they formed the deal team, an entire department that’s fully dedicated to chasing down deals; verifying matches, calling retailers, and setting up meetings to save their landlords time. And on the rare occasion the deal team can’t find a qualified match, they’ll even go the extra mile to recruit new retailers that fit the bill.
StoreMatch helps its landlords save time and make more money, so it’s not hard to see why its users are raving. The only question that leaves is: when will you join them? https://storematch.com/