Commercial Property Owners & Tenants

There is very high demand for office & retail premises in suburban locations as CBD businesses seek alternative premises. Many are not just seeking temporary accommodation but are looking for a long term solution.

This is particularly so for office tenants. This reflects not only the major damage to many office buildings but also the reality that staff will refuse to return to high rise CBD premises.

With this strong demand it is important that both owners and tenants carefully consider their business strategies. Decision’s made today need to consider not only short term requirements but medium to longer term impacts on business space requirements, cash flows and property values.

The immediate surge in demand may reap a short term windfall for the landlord and meet the current accommodation needs of tenants; however these unique market conditions will not change property investment fundamentals. Owners need to consider the tenant quality, lease term, compatibility with other existing tenants, capital costs and make good provisions.

For advice please contact

For commercial, industrial property please contact:

Mark Dunbar - mark.dunbar@telferyoung.com - 03 379 7960 - 027 293 3280

Chris Stanley - chris.stanley@telferyoung.com - 03 379 7960 - 027 293 3279