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”

Making sure your contract is weather tight

Adverse weather conditions can put enormous pressure on even the best of tenant/landlord relationships. I’ve already dealt with one situation this week where water damage has soured relations between tenant and landlord to the extent that they are exchanging lawyer’s letters; each party is…

Making sure your contract is weather tightAdverse weather conditions can put enormous pressure on even the best of tenant/landlord relationships.

I’ve already dealt with one situation this week where water damage has soured relations between tenant and landlord to the extent that they are exchanging lawyer’s letters; each party is Continue reading “Making sure your contract is weather tight”

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?”

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…”

Double whammy in Auckland’s commercial rental market

People often ask me what’s going on in the commercial rental property market. They’re all keen to hear the real oil, so I thought I would run through some current trends and some predictions. The current market is undergoing a double whammy experience of…

Double whammy in Auckland's commercial property rental marketPeople often ask me what’s going on in the commercial rental property market. They’re all keen to hear the real oil, so I thought I would run through some current trends and some predictions.

I must as always qualify this by saying that there will always be exceptions to the rule and while these are broader trends, the situation will always vary on a property by property basis.

The current market is undergoing a double whammy experience of… Continue reading “Double whammy in Auckland’s commercial rental market”

Commercial property lease costs & the iceberg effect

It is extremely easy for most of us to be lulled into thinking a quoted rental price is the main cost when entering into a commercial property lease. But lurking beneath that highly visible tip of the iceberg are some nasty extras…

Commercial property lease costs & the iceberg effectIt is extremely easy for most of us to be lulled into thinking a quoted rental price is the main cost when entering into a commercial property lease. But lurking beneath that highly visible tip of the iceberg are some nasty extras.

I frequently experience people who enter into long term commercial property leases focussed on the rental cost per square metre. They see that as their main cost and don’t consider Continue reading “Commercial property lease costs & the iceberg effect”

Taking the gamble out of property leases

The reality for most businesses when they are setting terms for a commercial property lease is that there is a bit of hit & miss about planning. Generally, property managers put together a guesstimate about…

Taking the gamble out of commercial property leasesThe reality for most businesses when they are setting terms for a commercial property lease is that there is a bit of hit & miss about planning.

Generally, property managers put together a guesstimate about a business’ needs regarding property over 3, 6 or 12 years, which are the sort of timeframes on offer for property leases.

Many make a bit of a real estate bet Continue reading “Taking the gamble out of property leases”

The smoke & mirrors landlords use in measuring the space you lease

All is not what it seems to prospective tenants signing an agreement to lease space of a certain size and measurement in a commercial building. There are a few tricks that some unscrupulous landlords play when it comes to measuring the space you lease, and if it is to their advantage – which it most often is – they can resort to pulling the wool over your eyes. The trick can work two ways. The first is…

The smoke & mirrors landlords use in measuring the space you leaseAll is not what it seems to prospective tenants signing an agreement to lease space of a certain size and measurement in a commercial building.

There are a few tricks that some unscrupulous landlords play when it comes to measuring the space you lease, and if it is to their advantage – which it most often is – they can resort to pulling the wool over your eyes.

And before I start getting hate mail, I do emphasise SOME unscrupulous landlords, not all.

The trick can work two ways. The first is Continue reading “The smoke & mirrors landlords use in measuring the space you lease”