Mounting pressures on commercial landlords will impact tenants

It has been a while since I reported on the state of the property market. Needless to say there has been little to report other than a continuing glut, a trend that is not going to change anytime soon. But the pressures on commercial landlords above and beyond the oversupply are starting to mount…

Commercial landlords sell at lossIt has been a while since I reported on the state of the property market. Needless to say there has been little to report other than a continuing glut, a trend that is not going to change anytime soon.

But the pressures on commercial landlords above and beyond the oversupply are starting to mount.

Continue reading “Mounting pressures on commercial landlords will impact tenants”

Aussies join Kiwi struggle in property market

Over the past few years I’ve written a number of times about the Australian influence on the New Zealand property market. First it was, “The Aussies are coming”. Then it was, “The Aussies are here”. And the most recent was, “The Aussies are here and they are us”. And today, with the oversupply of commercial rental office space and residential high rise space, they are struggling for good returns the same as everyone else. Let me give you a snapshot…

Aussies join Kiwi struggle in property marketOver the past few years I’ve written a number of times about the Australian influence on the New Zealand property market. First it was, “The Aussies are coming”. Then it was, “The Aussies are here”. And most recently, “The Aussies are here and they are us”.

And today, with the oversupply of commercial rental office space and residential high rise space, they are struggling for good returns the same as everyone else.

Let me give you a snapshot…   Continue reading “Aussies join Kiwi struggle in property market”

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!”

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”

Green, green & greener… What impact are environmental goals having on commercial property?

Today I will talk about the rise and rise of green buildings. In the past couple of months alone, I have been to the openings of three new green star rated buildings in Auckland. They…

Why crystal clear lease contracts are so, so criticalThe phrase “green shoots” has really taken hold as optimism about an economic recovery increases. It’s a great turn of phrase that has captured the imagination and there are definitely signs of recovery in some quarters. But I believe we still a need a few seasons before Continue reading “Green, green & greener… What impact are environmental goals having on commercial property?”

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”

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?”

Managing commercial real estate agents…

Real estate agents for most of us are the people we love to hate. A necessary evil perhaps; to others they are to be avoided like the plague. The reality is…

Real estate agents for most of us are the people we love to hate. A necessary evil perhaps; to others they are to be avoided like the plague.

The reality is Continue reading “Managing commercial real estate agents…”