Typical Portfolio Size of Retail Property Managers?
I'm new-ish to CRE retail property management as an APM in Southern California. What's the typical portfolio size for a retail property management team? For reference, the PM and myself manager over 150 tenants and 12 properties but wanted to see what is considered typical.

Thanks!
[{"id": "iacrbij", "text": "That seems like a reasonable portfolio size for a 2 person team, however it really depends on a few things:  the nature of the portfolio (types of tenants like mom and pop retail v. nationals; anchors v. shops and high-end v. discount), proximity of properties (can you hit 3-4 in a single day so you can visit them all weekly), and what 3rd party support and/or facilities crew you have.  I\u2019ve had single PM\u2019s with larger portfolios, and I\u2019ve had a team like yours with a smaller portfolio, both of which were properly staffed (IMO) based on the nature of each portfolio.", "replies": [], "depth": 1}]