Over the past few years I’ve written a number of times about the Australian influence on the New Zealand property market. First it was, “The Aussies are coming”. Then it was, “The Aussies are here”. And most recently, “The Aussies are here and they are us”.

And today, with the oversupply of commercial rental office space and residential high rise space, they are struggling for good returns the same as everyone else.

Let me give you a snapshot…   (more…)

I was browsing through some blogs and online articles about commercial property leasing in the United States and it dawned on me (not for the first time!) how limited our systems in New Zealand are for tenant representation.

In the USA, Australia and other countries it is very much the norm that both landlords and tenants alike have their interests independently represented. (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…)

The phrase “green shoots” has really taken hold as optimism about an economic recovery increases. It’s a great turn of phrase that has captured the imagination and there are definitely signs of recovery in some quarters. But I believe we still a need a few seasons before (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…)

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…)

Real estate agents for most of us are the people we love to hate. A necessary evil perhaps; to others they are to be avoided like the plague.

The reality is (more…)