The efficiencies of landlord and tenant working together

We hear so much these days about the benefits of collaboration and cooperation, but often it is the theory and not the practice we hear about. I’m involved in the last stages of a great project that…

The efficiencies of landlord and tenant working togetherWe hear so much these days about the benefits of collaboration and cooperation, but often it is the theory and not the practice we hear about.

I’m involved in the last stages of a great project that has been a successful collaboration between a building owner and a significant sized business to achieve a result of mutual benefit. Continue reading “The efficiencies of landlord and tenant working together”

Beyond the feudal mind – new ways of thinking about property leases

The great majority of us still have some pretty old fashioned ways of thinking about property. Just the very words landlord and tenant come from a bygone era when we stop to think about it. It was a time of feudal land ownership when there really were lords with peasant tenants who were completely subservient to them. Language is a powerful thing, and using these words today always implies a power structure. In the subconscious mind…

Beyond the feudal mind - new ways of thinking about property leasesThe great majority of us still have some pretty old fashioned ways of thinking about property.

Just the very words landlord and tenant come from a bygone era when we stop to think about it. It was a time of feudal land ownership when there really were lords with peasant tenants who were completely subservient to them.

Language is a powerful thing, and using these words today always implies a power structure. In the subconscious mind Continue reading “Beyond the feudal mind – new ways of thinking about property leases”

Truth, justice and the tenant’s way!

I was browsing through some blogs and online articles about commercial property leasing in the United States and it dawned on me (not for the first time!) how limited our systems in New Zealand are for tenant representation. In the USA, Australia and other countries it is very much the norm that both landlords and tenants alike have their interests independently represented…

Many commercial real estate lease arrangements are heavily weighted in favour of the landlordI was browsing through some blogs and online articles about commercial property leasing in the United States and it dawned on me (not for the first time!) how limited our systems in New Zealand are for tenant representation.

In the USA, Australia and other countries it is very much the norm that both landlords and tenants alike have their interests independently represented. Continue reading “Truth, justice and the tenant’s way!”

Breaking through the fear of getting property decisions wrong

Clients I speak with regularly say the commercial property market has become increasing stressful and complex. So much so, that it inhibits businesses from making decisions about future locations; whether to upsize, downsize, move or stay. The message I hear is…

Breaking through the fear of getting property decisions wrongClients I speak with regularly say the commercial property market has become increasing stressful and complex. So much so, that it inhibits businesses from making decisions about future locations; whether to upsize, downsize, move or stay.

The message I hear is that there is a general fear that making the wrong decision about their property needs could tip a business over the edge. Because of this worry, the inclination is to defer doing anything.

Continue reading “Breaking through the fear of getting property decisions wrong”

New trends and realities in the commercial property lease market

Research is showing that the high vacancy levels in commercial lease property in New Zealand is a trend that looks set to stay for the next couple of years. Low interest rates, inflation and slow recovery from the global economic crisis will have an ongoing ripple effect on commercial property. In the short term, this is leading to an increase in trends such as “shadow space” where a business…

High vacancy levels in commercial lease property in New ZealandResearch is showing that the high vacancy levels in commercial lease property in New Zealand is a trend that looks set to stay for the next couple of years.

Low interest rates, inflation and slow recovery from the global economic crisis will have an ongoing ripple effect on commercial property.

In the short term, this is leading to an increase in trends such as “shadow space” where a business Continue reading “New trends and realities in the commercial property lease market”

New trend in commercial property leasing

In the past few months I’ve noticed a definite trend towards organisations searching for new premises. A year ago, this was not the case at all. The bulk of our work then was…

In the past few months I've noticed a definite trend towards organisations searching for new premises.In the past few months I’ve noticed a definite trend towards organisations searching for new premises.

A year ago, this was not the case at all. The bulk of our work then was negotiating rent reviews and lease renewals. People were still nervous about making decisions in recessionary times. Continue reading “New trend in commercial property leasing”

What happens when big corporations vacate old premises?

One of the key impacts on the currently flooded commercial property market is the number of large corporate tenants moving to new buildings. In Auckland, there’s a growing list of large banks, insurance companies, management consultants and engineering firms moving to bigger, better, brighter and greener premises…

An artist's impression of ASB's planned head office building in Auckland's Viaduct HarbourOne of the key impacts on the currently flooded commercial property market is the number of large corporate tenants moving to new buildings.

In Auckland, there’s a growing list of large banks, insurance companies, management consultants and engineering firms moving to bigger, better, brighter and greener premises.

Continue reading “What happens when big corporations vacate old premises?”

No fixed abode in the virtual world of the cloud

Just a couple of years ago, the headline above would have made absolutely no sense to anyone. In fact even today, a great number of people would still think it is gobbledegook. But the world is moving fast and what is one day a word or term that only makes sense to geeks, can almost overnight become everyday language. We now “Google” things, and “Facebook” people rather than research things or write letters, and suddenly we are accustomed to it. So let me explain today’s heading…

No fixed abode in the virtual world of the cloudJust a couple of years ago, the headline above would have made absolutely no sense to anyone. In fact even today, a great number of people would still think it is gobbledegook. But the world is moving fast and what is one day a word or term that only makes sense to geeks, can almost overnight become everyday language.

We now “Google” things, and “Facebook” people rather than research things or write letters, and suddenly we are accustomed to it.

So let me explain today’s heading…

Continue reading “No fixed abode in the virtual world of the cloud”

Shaping up for the exciting new world of the 2010s…

It is increasingly an era of customisation, where people have more and more say about the goods and services they buy, and how, where and when they get them. In my area of expertise – commercial property leasing – the…

Making sure a lease has appropriate flexibility to allow for building alterationsAs we head into a new decade and optimism increases as the green shoots of economic recovery grow leaves, there is going to be some exciting new thinking needed for doing business.

It is increasingly an era of customisation, where people have more and more say about the goods and services they buy, and how, where and when they get them.

In my area of expertise – commercial property leasing – the Continue reading “Shaping up for the exciting new world of the 2010s…”

Making sure a lease has appropriate flexibility to allow for building alterations…

When commercial tenants are reassessing space needs for the coming year, it is an excellent time to look at adjusting premises to fit your staff profile. It is really important that a commercial property lease allows enough flexibility for you to refit your premises without restriction from the landlord…

Making sure a lease has appropriate flexibility to allow for building alterationsAs the year comes to a close, many businesses (and homeowners) think about what alterations and renovations they can make to premises over the summer break.

When commercial tenants are reassessing space needs for the coming year, it is an excellent time to look at adjusting premises to fit your staff profile. Continue reading “Making sure a lease has appropriate flexibility to allow for building alterations…”