Insider Tips to Help You Discover How to Succeed with Commercial Property
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…]
IF YOU REMEMBER back to last May and June of last year, I explained that the economic decline caused by COVID was quite different from any other recessions.
What we experienced was a Medical Crisis with economic implications. As opposed to a total collapse of the Financial System – as you experienced during the GFC. [Read more…]
WITH EVERY NEGOTIATION, you always need to be thinking on your feet. And here are several simple Tips to help you do just that.
WHEN YOU EMBARK on your journey as a property investor, it can be overwhelming – with a flood of information and diverse opinions. To help simplify the process, here are five essential tips for new (and seasoned) investors.
IT DOES NOT MATTER whether you’re an investor or an owner-occupier, there are several important factors to consider when purchasing a commercial property to ensure you make the right choice.
In a previous article, I shared a handy App to assist you in shortlisting potential properties. If you haven’t already downloaded it, simply click on the HiReturn Filter over on the right, to install it on your tablet or mobile device.
THERE IS A BELIEF among many experts that a surge in the stock market typically precedes a recovery in the commercial property market by about six months. And the start of this year saw equity markets gaining some momentum.
I HAVE BEEN ASKED countless times about the secrets to a successful negotiation. And I want to share with you the key elements to help make your negotiations effective.
But first, just watch this short video to gain a quick understanding of these three essential elements that form the foundation of every negotiation.
If you’re new to investing, you might be wondering if it’s possible to manage your own commercial property. The short answer is “yes”, but only if you know what you’re doing.
It’s important to note that owning a commercial property comes with certain legal responsibilities, particularly when it comes to compliance with Essential Services requirements under current Building Regulations.
The current trends in the business have made it clear that office landlords have to cater to the needs and preferences of their tenants. Building owners and managers (who understand and meet these demands) will be able to command higher rents and reduce vacancy rates.
To expand on this, here are four key tips to help attract quality tenants.
