4 Ways to Attract Tenants to Your Commercial Property

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.

Offer an Exceptional Experience

Creating an office environment that offers an enjoyable experience for both occupants and staff is crucial. It needs to incorporate elements that go beyond a mere place of business.

This might include lunchtime presentations and community involvement programs. Plus, offer building facilities promoting wellness, such as … gyms, end-of-trip amenities and cafes to boost tenant appeal.

Foster Collaboration

Businesses thrive when there is a culture of collaboration among their staff. Buildings facilitating this are in high demand.

Including enhanced technology features such as LED screens, private interview pods and improved conference facilities can also help your tenants’ creativity. There seems to be a growing expectation for landlords to provide technology support to enable collaboration.

Effective Use of Common Areas

Given the Australian climate, allowing employees to work outside the office area can be highly beneficial. This flexibility not only improves productivity but also supports overall well-being.

Commitment to the Environment

Buildings prioritising sustainability and social equity no I have a competitive edge – as tenants look to align their brand and values with their work environment. 

There is a growing cultural alignment between tenants and building owners – as tenants actively seek offices with a lower carbon footprint.

Bottom Line: By focusing on these key areas, building owners and managers can attract quality tenants and position themselves as leaders in the market.

Best wishes …

Commercial Property: Making the Right Decisions

WHETHER YOU ARE an investor or an owner-occupier, there are important factors to consider when purchasing a commercial property. In a previous article, I mentioned a helpful App to assist in shortlisting potential properties.

You can download it onto your tablet or mobile device now if you haven’t already done so. [Read more…]

A Promising Outlook for Inflation and Commercial Property

FOR WHAT IT’S WORTH … my view is that there is growing evidence to suggest inflation will not be as sticky as many pundits would have you believe.

Despite a recent surge in residential rentals, Australia’s inflation seems to have reached its peak and is expected to rapidly recede. And that’s evidenced by the June figures just out, showing that inflation has fallen from 7% to 6% per annum, over the last quarter. [Read more…]

7 Ways AI Will Impact Commercial Property Investing

AI IS POISED TO HAVE a significant impact on Commercial property investing by revolutionising various aspects of the industry. 

Here are 7 ways in which AI is expected to affect commercial property investing: [Read more…]

Sustainability in Commercial Buildings

“SUSTAINABILITY” IS NO LONGER a buzzword, but a vital element of any responsible business practice. 

In this article, we’ll discuss how businesses and owners of commercial buildings can improve their sustainability and use depreciation deductions to help recoup costs.  [Read more…]

Commercial Property and the Likely Impact of the Budget

CONCERN OVER HIGH INFLATION is what is causing the RBA to continue raising interest rates.

So the real question is … will the latest Budget be responsible for adding to inflationary pressures?

Anyway, let’s quickly pick apart the critical issues of the latest Budget – as far as they relate to Commercial property. [Read more…]

Immigration Could Kickstart Australia’s Growth Again

AUSTRALIA HAS ALWAYS BOASTED a solid immigration rate – to the point, where about 30% of our population has actually been born outside the country.

During the pandemic, immigration numbers fell dramatically. As a result, vital skills shortages emerged among building & construction, hospitality and rural workers.

Over the years, the best-performing countries (where Australia stands out) were generally resource-rich, new-world countries with strong population growth and a good record with corporate governance. [Read more…]

Depreciation Deductions for Retail Owners and Tenants

THE AUSTRALIAN RETAILERS Association (ARA) reported fifteen consecutive months of growth within the retail trade as of November 2022. 

According to ARA CEO Paul Zahra: “November’s results remain strong when compared to the same period in 2021. The result is particularly strong considering the cost-of-living squeeze being felt by households across the board”.

A slowdown of spending in 2023 is expected as a result of inflation and rising costs of business. [Read more…]

7 Steps to Help You Succeed With Commercial Property

PURCHASING COMMERCIAL PROPERTY can be one of the most profitable investments you will make. However, there are a few steps you need to follow to help ensure your success.

1. Do your homework 

Understand the local property market and the specific property type you’re interested in. Look at things like rental rates, vacancy levels and the physical condition of the property. [Read more…]

Commercial Property Going Forward in 2023

WITH A CLEARER OUTLOOK for interest rates, Commercial property is expected to bounce back in 2023. Particularly, with several pundits suggesting the RBA could well start to ease rates again later this year.

Understanding the facts

There will be some investors, who may initially take a cautious approach. [Read more…]

Attracting Staff Members Back into The Office

ATTRACTING GOOD TALENT is proving to be a real issue for many businesses, with unemployment at a near 50-year low. Plus, one of the major challenges right now is how to actually lure staff back to the office.  [Read more…]