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 …

Choosing Your “Dream Team” for Commercial Property Investing

SO, YOU HAVE decided to take the plunge into Commercial property investing. Smart move! But where do you start? 

Well, as every serious investor will tell you, having a team of trusted experts by your side is essential for success. These are the people who will guide you and help you navigate the complex world of property investment. 

And lucky for you, you get to pick your own dream team. Here are the key players you’ll need. [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…]

Do You Have a Checklist for Your Commercial Property Purchases?

HERE ARE 8 key items which should be on every Commercial property investor’s Checklist.

1. What is the Best Structure?

Between signing the contract and the settlement date, you should always decide precisely what your future intentions are.

Because this will determine the most appropriate vehicle for ongoing ownership.

Is it best to be held in personal names, joint names, a trust or a company?  [Read more…]

Depreciation Deductions for a Restaurant 

Success varies between restaurateurs, yet most would agree that delicious food, a pleasant ambience, and friendly staff are key. But a healthy stream of cash flow is more important than anything. 

One way restaurateurs can improve their cash flow is by taking advantage of depreciation deductions. 

Here, we will explain what depreciation deductions are and what they look like in a busy Melbourne restaurant.  [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…]

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…]

Your Due Diligence on Commercial Property

THE QUESTION OF Due Diligence is an interesting one. 

There are two schools of thought. Some people believe they should undertake all the due diligence investigations BEFORE actually making an offer and finalising the commercial terms of the deal.

There are a couple of issues here – number one is: Due diligence, done properly, costs money. Therefore, my approach has always been not to spend money until you have control of the property. [Read more…]

Depreciation Tips for Commercial Property

UNDERSTANDING COMMERCIAL DEPRECIATION can sometimes be difficult, but luckily you are able to get some expert advice right here from the BMT team. 

And the good news is … you don’t need to know everything. That’s why you engage a specialist – to help you claim the maximum deductions. [Read more…]

Your Key Steps When Packaging a Deal?

IT’S ALWAYS INTERESTING to discover some Commercial property investors still feel contracts there’s a need to include a “subject to finance” clause – so they can check whether or not funds will be available. 

However, they are in fact approaching things from the wrong angle. You see, you don’t need your finance approved before entering into a deal. [Read more…]