In Episode 3 of "I Own A Shopping Center. Now What?" Beth Azor tackles the intricacies of lease options, highlighting their benefits for tenants but potential drawbacks for landlords.

She discusses the frustration of seeing properties undervalued due to multiple five-year options at fixed rates, particularly in South Florida’s booming post-COVID rental market.

Beth advises landlords to avoid standard 3% annual rent increases, suggesting higher percentages or CPI adjustments to stay in tune with the current economic climate.

She also offers strategic advice for dealing with tenants who delay lease renewals, such as proactively marketing the space.

Her main insight: lease options should be managed to ensure landlords can adjust rents in line with market conditions, protecting their investments and maintaining property value.

Listen in for more valuable insights and practical tips on managing shopping center investments.