What should an asset manager focus on when enhancing the value of a property?

An asset manager should focus on enhancing the value of a property through a comprehensive approach that includes various strategies to improve its overall appeal and profitability. Increasing tenant occupancy is crucial as a high occupancy rate typically leads to stable revenue and indicates the property’s desirability. Lowering operational costs directly improves the property's net income, allowing for better financial performance and a more attractive investment for current and potential stakeholders.

Improving property aesthetics plays an essential role in appealing to both current and prospective tenants. Enhancements in visual appeal can lead to higher occupancy rates and justify increased rental rates. Thus, focusing on increasing tenant occupancy, reducing operational costs, and improving aesthetics are all critical components of a successful asset management strategy, making a holistic approach the best option. This comprehensive focus ensures that all potential avenues for enhancing value are considered and addressed.