ACREX · CALDWELL, NJ
Retail Property Management in New Jersey
Shopping center, storefront and mixed-use property management for 5% of rent collected, in northern NJ.
For owners of storefronts, strip centers, shopping centers and mixed-use buildings in northern New Jersey. AcreX manages retail and mixed-use property directly for 5% of rent collected, with Jonathan Libock as the responsible broker.
What retail management costs
Typical retail center base fee: about 4–6% of collected rent; mixed-use about 5–7% (Property Perfected; Piping Rock Partners). Leasing, construction oversight and repair markups are often billed on top.
AcreX retail and mixed-use fee: 5% of rent collected. No setup fee, no repair markup, no upfront fees. Cancel any time after 90 days. In New Jersey commissions are negotiable.
Example: a center collecting $45,000 a month pays AcreX $2,250 a month.
What management includes
Rent collection and arrears follow-up
Owner statements and reporting
Lease administration: renewal dates, escalations
CAM, tax and insurance reconciliations for NNN leases
Vendor and maintenance coordination and inspections
Leasing vacant space, billed at the leasing rates on the AcreX fees and commission calculator
Retail lease terms a manager has to track
Use clauses and exclusives: what each tenant may sell and what you promised not to lease to a competitor.
Co-tenancy: rent relief if an anchor leaves.
Percentage rent: sales reports and the share of sales above a breakpoint.
CAM caps: limits on how much shared costs can rise each year, which affect the reconciliation.
Signage, hours and parking rules.
The northern NJ retail market, Q3 2026
Vacancy 3.3% (Matthews) and 3.1% (Blauberg). Average asking rent $27.95/SF (Matthews); Blauberg’s market rent is $26.85/SF. The two sources measure differently.
How your money is handled (New Jersey rules)
Rent and other funds a broker collects for an owner must be held in a separate trust account at a New Jersey bank and deposited within five business days (N.J.A.C. 11:5-5.1).
Collecting rent for others is licensed brokerage work in New Jersey (N.J.S.A. 45:15-3), so AcreX does it under its broker license.
Records of all funds are kept for at least six years (N.J.A.C. 11:5-5.4).
Related
Property management by county: Essex · Bergen · Hudson · Morris · Passaic · Union
Questions owners ask
How much does retail property management cost in NJ?
Retail center management typically runs about 4–6% of collected rent (Property Perfected; Piping Rock Partners). AcreX charges 5% of rent collected for retail and mixed-use property.
What does a retail property manager do?
Collects rent, reports to the owner, tracks lease dates and escalations, prepares CAM, tax and insurance reconciliations, coordinates vendors and maintenance, and leases vacant space.
Is the fee on gross or collected rent?
AcreX charges on rent actually collected, so there is no fee on rent a tenant doesn’t pay.
Can the management fee be passed through to retail tenants?
Often, if the lease allows it as part of CAM or operating expenses, sometimes subject to a CAM cap. Check your leases.
Does AcreX lease vacant storefronts too?
Yes, billed separately at AcreX’s published leasing rates: 5% of total base rent for years 1–5 and 2.5% after. In New Jersey commissions are negotiable.
More owner questions: AcreX FAQ.
About the broker
Jonathan Libock is the founder and principal broker of AcreX Commercial Real Estate in Caldwell, NJ. He has a decade of experience in commercial real estate, including time at DR Properties, a New York City development brokerage. He specializes in industrial and multifamily land development and also works on development sites in Southeast Florida. Licensed real estate broker in New Jersey (#1757237) and Florida (#BK3462244). AcreX Realty LLC, Licensed Real Estate Broker. Licensure does not imply endorsement.
AcreX Realty LLC is a licensed NJ commercial real estate broker with published fees, at 307 Bloomfield Ave, Caldwell, NJ 07006. General information, not legal or tax advice.