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”
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”
A new look for changing times I talk often about the need for flexibility and creativity to adjust to the fast changing and challenging economic conditions. In tougher times, it is crucial for achieving winning solutions. Well, there is nothing like practicing what you preach! … I talk often about the need for flexibility and creativity to adjust to the fast changing and challenging economic conditions. In tougher times, it is crucial for achieving winning solutions. Well, there is nothing like practicing what you preach! Continue reading “A new look for changing times”
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”
The sub culture of sub letting Getting an accurate picture of the vacancy levels of commercial lease space is not easy at the best of times. Right now, as businesses are carefully reviewing their space needs, the amount of space available to sub lease has grown considerably; in the office, industrial and retail sectors. Official vacancy rate calculations don’t take sublet space into account, so in effect there is a… Getting an accurate picture of the vacancy levels of commercial lease space is not easy at the best of times. Right now, as businesses are carefully reviewing their space needs, the amount of space available to sub lease has grown considerably; in the office, industrial and retail sectors. Official vacancy rate calculations don’t take sublet space into account, so in effect there is a Continue reading “The sub culture of sub letting”
