Navigating the Challenges of Commercial Real Estate. A Qualitative Analysis of Property Management in Asafo Market

Academic Paper from the year 2023 in the subject Business economics - Business Management, Corporate Governance, grade: 70.05, Kwame Nkrumah University of Science and Technology, course: REAL ESTATE, language: English, abstract: This research is designed to dissect the intricate process of managing commercial properties, emphasizing the numerous hurdles including maintenance and repairs, tenant relations, rent collection, and budgeting. The focal point of the investigation is the Asafo Market, a vibrant hub of commercial properties where these challenges are keenly felt.

The paper illuminates the significance of strategic planning, especially when dealing with property maintenance - a paramount yet often complex task requiring scheduled upkeep and prompt response to unexpected damages. By adopting a qualitative research methodology and employing MAXQDA for data analysis, the study seeks to improve the objectivity of collected data, sourced primarily from tenants in the Asafo Market. The goal of this study is to enrich our understanding of commercial property management challenges and provide pragmatic recommendations to enhance facility management practices within Asafo Market's commercial properties.