With tough times come dirty tricks Desperation is biting in the commercial real estate industry. There are very few commercial tenants looking for space right now, and many agents that specialise in commercial leases are consequently struggling. With tough times come dirty tricks. One ploy that is on the rise is… Desperation is biting in the commercial real estate industry. There are very few commercial tenants looking for space right now, and many agents that specialise in commercial leases are consequently struggling. With tough times come dirty tricks. One ploy that is on the rise is where a Continue reading “With tough times come dirty tricks”
Is your Opex living opulently at your expense? The so called “going rate” for operating expenses in a commercial lease is often assumed to be fairly well set in concrete by many tenants. They get caught sometimes because they… The so called “going rate” for operating expenses in a commercial lease is often assumed to be fairly well set in concrete by many tenants. They get caught sometimes because Continue reading “Is your Opex living opulently at your expense?”
Opportunities & threats of the Rugby World Cup It’s now just over two years until the Rugby World Cup is staged in New Zealand. The biggest impact is likely to be in Auckland where there will be eight games including the semi finals and final at Eden Park. But stadia… It’s now just over two years until the Rugby World Cup is staged in New Zealand. The biggest impact is likely to be in Auckland where there will be eight games including the semi finals and final at Eden Park. But stadia Continue reading “Opportunities & threats of the Rugby World Cup”
Spring clean your lease for the future With frosts on the ground it might seem a little early to be talking about spring. But when it comes to the property lease market and looking out to the future, the market’s current sway in favour of tenants is an ideal time to… With frosts on the ground it might seem a little early to be talking about spring. But when it comes to the property lease market and looking out to the future, the market’s current sway in favour of tenants is an ideal time to Continue reading “Spring clean your lease for the future”
Are the streets paved with gold? Since time began, cities around the world have offered the allure of seeking and making your fortune. Great world cities such as London, New York, Hong Kong and Sydney still hold that promise for many. Auckland has… Since time began, cities around the world have offered the allure of seeking and making your fortune. Great world cities such as London, New York, Hong Kong and Sydney still hold that promise for many. Continue reading “Are the streets paved with gold?”
Thinking ahead to the new decade The property lease market today is incredibly fluid so the terms and conditions available to tenants are, I would say, little short of sensational… It’s hard to believe but in just eight months we tick over into the second decade of the 21st century, *2010*. What got me thinking about the near future was the varying terms on offer in property leases at the moment. It’s not that long ago that leases for 10 years were the norm. These days we are most often talking about Continue reading “Thinking ahead to the new decade”
The dangers of drive-by market assessments I’m often asked by people who notice a spate of For Lease or To Let signs going up in an area if it is a strong indicator of where the market is at. My answer is always the same… I’m often asked by people who notice a spate of FOR LEASE or TO LET signs going up in an area if it is a strong indicator of where the market is at. My answer is always the same… Continue reading “The dangers of drive-by market assessments”
Stand up for your rights At the risk of sound a bit like a human rights activist, I thought it important to say a word about ensuring your rights as a commercial tenant are… At the risk of sound a bit like a human rights activist, I thought it important to say a word about ensuring your rights as a commercial tenant are always honoured. In these tough times, we can all get a little bit desperate and think about Continue reading “Stand up for your rights”
The rent must go through When times are tough, a business can put payments on hold for a whole range of services and products. When bills mount up, some can be put off for the short term, and the consequences are not disastrous. But when it comes to non-payment or delays in rental payments for commercial property leases, delays can cause a complete… When times are tough, a business can put payments on hold for a whole range of services and products. When bills mount up, some can be put off for the short term, and the consequences are not disastrous. But when it comes to non-payment or delays in rental payments for commercial property leases, delays can cause a complete breakdown for both parties. Continue reading “The rent must go through”
Make an offer that can’t be refused, but hammer those costs! These straitened times can make it hard for business leaders to assess the best pace for their business – how much to hold off decisions about growth and expenditure, versus acting swiftly. It can be a tough call. Markets are volatile and it is tricky to be totally sure of your timing. However, when it comes to property there are several certainties… These straitened times can make it hard for business leaders to assess the best pace for their business – how much to hold off decisions about growth and expenditure, versus acting swiftly. It can be a tough call. Markets are volatile and it is tricky to be totally sure of your timing. However, when it comes to property there are several certainties… Continue reading “Make an offer that can’t be refused, but hammer those costs!”
