One of the key impacts on the currently flooded commercial property market is the number of large corporate tenants moving to new buildings.

In Auckland, there’s a growing list of large banks, insurance companies, management consultants and engineering firms moving to bigger, better, brighter and greener premises.

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As the year comes to a close, many businesses (and homeowners) think about what alterations and renovations they can make to premises over the summer break.

When commercial tenants are reassessing space needs for the coming year, it is an excellent time to look at adjusting premises to fit your staff profile. (more…)

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.

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… (more…)

It is extremely easy for most of us to be lulled into thinking a quoted rental price is the main cost when entering into a commercial property lease. But lurking beneath that highly visible tip of the iceberg are some nasty extras.

I frequently experience people who enter into long term commercial property leases focussed on the rental cost per square metre. They see that as their main cost and don’t consider (more…)

The reality for most businesses when they are setting terms for a commercial property lease is that there is a bit of hit & miss about planning.

Generally, property managers put together a guesstimate about a business’ needs regarding property over 3, 6 or 12 years, which are the sort of timeframes on offer for property leases.

Many make a bit of a real estate bet (more…)

All is not what it seems to prospective tenants signing an agreement to lease space of a certain size and measurement in a commercial building.

There are a few tricks that some unscrupulous landlords play when it comes to measuring the space you lease, and if it is to their advantage – which it most often is – they can resort to pulling the wool over your eyes.

And before I start getting hate mail, I do emphasise SOME unscrupulous landlords, not all.

The trick can work two ways. The first is (more…)

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 where a (more…)

The so called “going rate” for operating expenses in a commercial lease is often assumed to be fairly well set in concrete by many tenants.

They get caught sometimes because (more…)

It’s now just over two years until the Rugby World Cup is staged in New Zealand.

The biggest impact is likely to be in Auckland where there will be eight games including the semi finals and final at Eden Park. But stadia (more…)

With frosts on the ground it might seem a little early to be talking about spring.

But when it comes to the property lease market and looking out to the future, the market’s current sway in favour of tenants is an ideal time to  (more…)

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. (more…)

It’s hard to believe but in just eight months we tick over into the second decade of the 21st century, *2010*.

What got me thinking about the near future was the varying terms on offer in property leases at the moment.

It’s not that long ago that leases for 10 years were the norm. These days we are most often talking about (more…)