AS YOU CAN IMAGINE, this is a question I often get asked.
So, let me perhaps start by saying that with all my properties … I, personally, engage a skilled property manager.
And people then ask … If you know so much about commercial property, why don’t you manage the properties yourself?
The answer’s fairly straightforward – as there are basically 4 reasons … [Read more…]
IF WORKING FROM HOME is so appealing, why are businesses and governments choosing to hold onto their office space – and in many cases, lease even more?
According to the Property Council of Australia, Melbourne’s CBD towers were only 12% occupied in December – but 88% leased. And Sydney’s CBD towers were 23% occupied, but 91% leased. [Read more…]
DESPITE THE RECENT new Omicron variant, consumer demand is surging against the backdrop of labour shortages, supply chain blockages and recent price increases.
All of this is causing confusion and some concern. And pundits around the world are detailing strong Inflationary pressure – which usually means interest rates are likely to increase, sooner rather than later. [Read more…]
IT’S OVER 18 MONTHS now since the pandemic triggered a total disruption to our everyday office routines – causing millions of people to work from home.
As we move into the second year – many established companies are still undecided on the new workplace model going forward. [Read more…]
BEFORE THE PANDEMIC, there was a shortage of office space looming within the Sydney and Melbourne CBDs.
In fact, both were heading towards unhealthy vacancy levels of around 2% to 3%.
However, with extended lockdowns and some new supply coming onto the market … all that has clearly changed. [Read more…]
AS YOU WILL APPRECIATE, Negotiating is a learned skill – it’s not something you’re simply born with. However, it doesn’t matter how good you become, you always need to enter EVERY negotiation – using a Checklist, which has stood the test of time.
To help you … here’s the Checklist I personally use for each encounter. [Read more…]
IT MAY SURPRISE YOU to learn that new businesses grew at a record rate during the last financial year. And that’s because COVID-19 served up a whole host of new opportunities among the economic turmoil.
Apparently, there were 365,500 new start-ups along with 277,700 established businesses closing shop – delivering a net gain of 87,800 new businesses.
As encouraging as that may sound, these newcomers will face challenges going forward – given they began in a climate of low interest rates and government support.
Nonetheless, they will clearly add to the demand for suburban office space – as workers seek to avoid the grind of a long daily commute.
Add to that the large CBD firms currently decanting whole departments out to the suburbs – to also be closer to where their employees live.
Bottom Line: Every change (however disruptive) brings with it seeds of opportunity. Sometimes these are hard to recognise – but highly profitable, for those who do.
LEAVING ASIDE the effect of Covid has had on the general economy, the consequent drop in population growth and immigration will have a lasting impact upon … [Read more…]
THERE HAS BEEN much talk about Commercial Property emerging post-Covid. So, let’s quickly explore just how things are likely to unfold. [Read more…]
ON THE FACE OF IT … there’s no logical reason why you would.
Unless of course, you were intending to occupy the property when the current lease expires. In which case, the initial low rental is really of little (or no) importance to you. [Read more…]
It’s just one Building … with one Title… and one ASX-backed Tenant … paying $435,000 per annum NET – which is due to increase to $452,400 per annum in September this year.
Simonds Homes has taken out a fresh 5-year lease … with a 6-month Bank Guarantee. [Read more…]
