What should my property manager be doing to fill vacancies faster?

Anthony A. Luna • February 2, 2026

What should my property manager be doing to fill vacancies faster?

Your property manager should be running vacancy like an operating system, not a waiting game.


Filling vacancies faster is not about listing harder or hoping the broker “pushes it.”
It is about owning the leasing system end-to-end and enforcing a weekly execution cadence across pricing, readiness, broker activity, and owner decisions.


When vacancies drag, the failure is almost always operational, not market-driven.
A strong property manager shortens vacancy by removing friction and accelerating decisions.

 

Why this question matters

Vacancy speed is one of the clearest indicators of whether a property is being actively managed or passively observed.

Every extra week of vacancy compounds:

  • Lost base rent
  • Missed CAM recovery
  • Carrying costs
  • Weaker negotiating leverage

In Southern California, where zoning, use restrictions, and tenant decision cycles already slow deals, execution discipline is the difference between a normal lease-up and a stalled one.

 

Owners do not need their property manager to “find a tenant.”
They need their manager to run the system that converts demand into signed leases.

 

The real tradeoff owners face

Option A: Property manager as coordinator only

The manager:

  • Posts the listing
  • Forwards broker emails
  • Waits for updates

Upside

  • Low friction
  • Fewer check-ins

Downside

  • No accountability
  • No diagnostic signal
  • Vacancy drifts until the owner intervenes

Option B: Property manager as leasing operator

The manager:

  • Enforces cadence
  • Holds brokers accountable
  • Packages deals
  • Accelerates approvals

Upside

  • Faster lease-up
  • Clear visibility
  • Earlier corrections

Downside

  • Requires structure and discipline
  • Forces decisions instead of deferring them

If your manager is not comfortable enforcing leasing accountability, vacancy will last longer than it should.

 

What most property managers do wrong during vacancy

  • Treat vacancy as a broker problem
  • Accept narrative updates instead of pipeline data
  • Fail to measure response time and follow-up
  • Leave pricing unchanged despite market feedback
  • Let owner approvals slow momentum
  • Confuse activity with progress

Vacancy does not end because people are “working on it.”
It ends because specific blockers are removed.

 

How a high-performing property manager thinks about vacancy

A strong manager treats a vacancy as a conversion funnel with owners, dates, and thresholds.

They focus on:

  • Throughput, not anecdotes
  • Speed, not intentions
  • Evidence, not reassurance

Vacancy is managed weekly, or it drags on monthly.

The 7 things your property manager should be doing to fill vacancies faster

1. Own the leasing plan, not just the listing

Your manager should define:

  • Target tenant profile
  • Intended use positioning
  • Pricing posture and concession range
  • Delivery assumptions

This plan should exist before marketing begins and be adjusted based on feedback.

If there is no written plan, there is no strategy.

 

2. Make the space show-ready at all times

Fast lease-ups require frictionless tours.

Your manager should ensure the space is:

  • Clean
  • Safe
  • Well-lit
  • Clearly labeled
  • Free of obvious deferred maintenance

A space that looks like “work” sells slower and costs more in concessions.

3. Enforce response-time standards

Speed kills or saves deals.

Your property manager should track:

  • Time from inquiry to response
  • Time from response to tour
  • Time from tour to proposal

If inquiries wait days, tenants move on quietly.

4. Run a weekly leasing cadence with the broker

If you are using an outside leasing agent, your manager should manage that relationship, not defer to it.

A proper weekly leasing update includes:

  • New inquiries and sources
  • Tours completed and scheduled
  • Active negotiations and status
  • Objections heard this week
  • Pricing or term recommendations
  • Next-week actions with owners and dates

If your manager cannot produce this weekly, vacancy will last longer.

5. Translate market feedback into action

Your manager should not just collect feedback.
They should convert it into decisions.

Examples:

  • Adjust pricing when traffic is thin
  • Reposition marketing when tours do not convert
  • Recommend concessions when objections repeat
  • Escalate space condition issues early

Market feedback without action is just noise.

6. Pre-package deals to avoid delays

Momentum matters.

Your property manager should maintain:

  • A standard proposal template
  • Pre-approved pricing guardrails
  • Clear concession and TI posture
  • Defined lease timeline

This allows proposals to go out within 24–48 hours after a tour, not weeks later.

7. Accelerate owner decisions with guardrails

Owners often unintentionally extend vacancy by requiring case-by-case approvals.

A strong manager helps the owner set:

  • Rent floors
  • Maximum free rent
  • TI limits or structures
  • Minimum term
  • Credit standards
  • Use boundaries

Once guardrails exist, decisions move fast and deals stay alive.

When vacancy becomes a management problem (not a market problem)

Vacancy is a management issue when:

  • Pricing has not changed after 30–45 days of no traction
  • Tours happen but proposals lag
  • Brokers give feedback that is not acted on
  • Owner approvals routinely stall deals
  • No weekly leasing report exists

At that point, the issue is not demand.
It is execution.

Owner vs property manager vs leasing agent: who owns what

Owner should own

  • Risk posture
  • Pricing and concession limits
  • Use flexibility
  • Approval timelines

Property manager should own

  • Leasing cadence and reporting
  • Space readiness
  • Broker accountability
  • Deal packaging and follow-up

Leasing agent should own

  • Marketing reach
  • Tenant sourcing
  • Negotiation support

Vacancy shortens when one party owns the full system and nothing falls between roles.

Frequently asked follow-ups

How fast should a good property manager be filling vacancies?
It depends on size, use, and submarket, but the key metric is momentum. If the pipeline is active and decisions are moving weekly, lease-up follows. If weeks pass without change, something is broken.

Should my property manager replace my leasing agent if vacancy lingers?
Not automatically. Many vacancies resolve without changing brokers once cadence, response time, and decision speed are fixed.

What is the biggest red flag during vacancy?
Narrative updates with no numbers. If leasing updates lack counts, stages, and next actions, you are guessing.

How often should I hear from my property manager during vacancy?
Weekly. Vacancy is an active project, not a quarterly check-in.

Closing perspective

Vacancies do not fill themselves.
They are filled by systems, speed, and accountability.

If your property manager is not actively removing friction every week, vacancy will last longer than it should and cost more than it needs to.

The fastest lease-ups are not lucky.
They are managed.

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