Position overview
The role of the Manager, Real Estate Leasing is to oversee the leases of the Authority’s non-terminal portfolio of real estate including office, warehouse, hangar and retail sites. This includes negotiating with tenants on new leases or renewals, obtaining land appraisals, preparing and presenting business cases including financial return calculations, strategically placing new tenants in facilities, overseeing tenant improvements to authority owned assets, and strategizing and asset managing the existing inventory of leasable space to maximize revenues and minimize costs. This person will have proven negotiation, leasing and property management experience, be connected to the real estate industry in the region with an extensive network.
Key responsibilities include:
•Strategic management of groundside assets and execution of commercial leasing activities in relation to those assets.•Negotiating and securing new leases and renewals by meeting with current or prospective tenants to understand their needs along with identifying suitable available spaces within the portfolio.
•Managing Leasing Coordinator by providing coaching, direction, feedback, and fostering a supportive environment focused on growth and success.
•Preparing the financial proposal (considering market factors, comparable spaces, capital improvements required and potential financial rates of return) and negotiating with tenants to secure lease agreement on key terms.
•Acting as the business owner and working with Engineering/Project Management professionals on scope of work and costing for tenant improvements required to incentivize tenants to sign leases.•Managing the Authority’s tenant relationships amongst the 130+ leases, and in some respects their sub-tenants’ relationships, to ensure their current and future needs are met.
•Managing and growing the department’s current revenue stream ($65+ million in 2022) generated through the Authority’s non-terminal portfolio of land and building lease agreements.
•Maintaining an open communication with the commercial real estate industry including brokers, developers, and investors to remain current on market trends.
Key qualifications include:
Post-secondary education, preferably in a Business discipline, Urban Land Economics or a related field and equivalent experience.
•Minimum 10 years of experience in leasing, property management or commercial brokerage industry.
•Knowledge and expertise in all areas of industrial, retail and office markets and products are required.
•Functional understanding of real estate financing and accounting, real estate appraisal, land development and project management.
•Excellent oral and written communication skills, along with strong interpersonal, negotiation, and mediation skills.
•Strong management skills.
This position is open to both Vancouver Airport Authority employees and external applicants. Previous job performance will be taken into consideration for all internal candidates that apply for this position.As part of our recruitment process, short-listed candidates may be required to participate in an assessment process.
Salary Range: 100,640 to144,670 per annum, based on 37.5-hour work week.
This is individually tailored to reflect your unique experience, qualifications, and internal equity.Performance-Based Incentive: Eligible for an annual bonus target at 15% of your annual salary.At YVR, your work experience goes beyond the paycheck. We support your personal and professional development, well-being, and a thriving work culture with generous vacation days, extensive health benefits, retirement savings matching, wellness programs, community engagement, commuting support, and continuous learning opportunities. Learn more at https://careers.yvr.ca/benefits
Please note that availability may vary based on employment type and is subject to certain eligibility requirements and potential changes by YVR.
Who We Are
YVR is more than just an airport. We connect our beautiful province and all it has to offer to the world. We are all leaders and trailblazers for change and innovation, so no matter the department or team you’re a part of, the work you do matters.
At YVR, we are flexible in everything we do. We will work together to find ways to deliver customer excellence that helps us all thrive.
Whatever your background and wherever you’re from, you belong at YVR. If you have any questions about accessibility or require any assistance applying, please reach out at careers@yvr.ca.
