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”

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!”

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?”

Beware of impending landlord wars…

I’m predicting the commercial tenancy market is about to become a bloody battlefield as times get really tough for investors and landlords managing commercial property portfolios. There are five key factors that will cause this warring between landlords…

Beware of impending landlord warsI’m predicting the commercial tenancy market is about to become a bloody battlefield as times get really tough for investors and landlords managing commercial property portfolios.

There are five key factors that will cause this warring between landlords.

Continue reading “Beware of impending landlord wars…”

How to educate your landlord

The commercial rental property market in New Zealand continues to be very much a tenant’s market… but there are many landlords who simply don’t get it…

No fixed abode in the virtual world of the cloudThe commercial rental property market in New Zealand continues to be very much a tenant’s market… but there are many landlords who simply don’t get it.

Negotiating myopia
It amazes me in the many negotiations I conduct for clients how many landlords take such a short-term view and, by playing hard ball, lose out on securing long-term tenants. Continue reading “How to educate your landlord”

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…

With tough times come dirty real estate tricksDesperation 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”

If you don’t ask, you don’t get!

I’ve been working with a few clients in the retail sector in main centres of both North and South Islands in the past few weeks and it’s given me a new feel for the trends and issues they’re all facing. There is no doubt, regardless of people’s financial situation, that kiwis are spending less. This is causing real challenges for most in the retail sector, large and small operators alike. And in these times, it…

I’ve been working with a few clients in the retail sector in main centres of both North and South Islands in the past few weeks and it’s given me a new feel for the trends and issues retailers are facing.

Continue reading “If you don’t ask, you don’t get!”

Smart ways to shift focus

I’ve been posting this blog for well over a year now, and I’d like to think we give readers a good heads-up on trends in the property lease market, as well as some insights into how the market works behind the scenes.

So it was interesting for me this week to take some of this expertise into the mainstream news media as a commentator on TVNZ’s business programme: NZI Business June 5: Renters’ market for office space…

I’ve been posting this blog for well over a year now, and I’d like to think we give readers a good heads-up on trends in the property lease market, as well as some insights into how the market works behind the scenes.

So it was interesting for me this week to take some of this expertise into the mainstream news media as a commentator on TVNZ’s business programme: NZI Business June 5: Renters’ market for office space

Continue reading “Smart ways to shift focus”

Make the most of now

To steal a line from the well-known Vodofone ad, now is good for having a close look at reviewing commercial leases across New Zealand. There are a number of reasons why now is good. Firstly, I …

To steal a line from the well-known telco ad, now is good for having a close look at reviewing commercial leases across New Zealand. There are a number of reasons why now is good.

Firstly, I think it’s time we moved on from a wait and see attitude about the markets and international economic conditions.

Secondly, there are very few new leases being drawn up at the moment. Many new building projects are on hold, and the majority of Parallel Direction’s work with tenants right now is getting better outcomes on renewals and rent reviews. Continue reading “Make the most of now”

The ins & outs of subleasing

Subleasing or assigning space in commercial property is an area of great interest to commercial tenants right now. More and more commercial tenants are finding they would like to…

Subleasing or assigning space in commercial property is an area of great interest to commercial tenants right now.

More and more commercial tenants are finding they would like to sublease or assign space that has become surplus to their requirements. Continue reading “The ins & outs of subleasing”