Articles posted in category: Commercial
Work and live under threat
A new Bill,The Residential Tenancies Amendment Bill (No 2) which is currently before parliamentary select committee, will affect commercial property owners if the commercial property is used as a residence. The Bill is aimed at three areas of change although only one we anticipate will have an effect on commercial property owners. The first area of change allows for landlords to better manage methamphetamine contamination by providing easier access for the testing of meth and the ability to… Read more
Hamilton commercial real estate outlook
Commercially economic predictions for the Hamilton market remain moderately optimisticfor 2015 and beyond. The Hamilton economy grew 3.4% to the end of June 2014 surpassing growth in both the Waikato (3.1%) and in New Zealand (3%). As a result, the Hamilton commercial property investment market remainsbuoyant as strongdemand for good quality buildings with quality tenanciesoutstripssupply.Consequently, yields are being driven to historic lows as competition drives prices higher. Whilst seismicissues… Read more
Hamilton Commercial Real Estate Update
With the elections behind us, focus now returns to the business at hand. Economic predictions remain moderately optimistic for the remainder of 2014 and beyond. The Hamilton economy grew 3% to the end of March 2014 surpassing growth in both the Waikato (1.8%) and in New Zealand (2.5%). The Hamilton commercial property investment market remains buoyant as strong demand for good quality buildings with quality tenancies outstrips supply. Consequently, yields are being driven to historic lows as competition… Read more
Lodge Real Estate expands services to include Body Corporate
Leading Hamilton real estate company, Lodge Real Estate, has expanded its business portfolio with the launch of a body corporate management service. The newly established service will be led by body corporate expert Rob Owens who joined Lodge Real Estate this week. With more than 15 years’ experience in the body corporate field in both New Zealand and the United Kingdom, Rob is well placed to lead Lodge Real Estate in its new property specialty. “Body corporate management services essentially… Read more
Hamilton's Commercial Construction Boom
Hamilton is undergoing a commercial construction as the city's economic expansion continues.Around 30 substantial commercial construction projects are on drawing boards or in the throws of construction, adding several thousand square meters of office, retail and accommodation space.Some of the more prominent developments include Centre Place's $40m renovation for Kiwi Income Property Trust, Project Grantham a four-storey office tower facing the river.Hundreds of millions of dollars have been poured… Read more
Multi Unit Investment Market Heats Up
The residential squeeze, which currently sees increased buyer activity in a market suffering from reduced availability (of houses-for-sale) is reflected in the multi-unit market. Right now there are fewer properties being marketed in the multi-unit category than at any other time over the past 10 years. This shortage of supply is being met with strong, and increasing, investor demand. Buoyed by record-low interest rates and renewed confidence from the finance sector (ie. ‘money-to-lend’… Read more
Commercial Recovery 2012
2012 has witnessed a revival in commercial and industrial real estate activity. A key observation within the leasing market has been the trend for businesses to consolidate into fewer buildings and upgrade accommodation. As a consequence lower grade accommodation has been somewhat marginalised particularly if the landlord is not prepared to invest to upgrade the building. Government and corporate clients have also become increasingly concerned with the seismic rating of a building and will… Read more
Hamilton Residential Real Estate Update
Hamilton residential real estate is well on the way to recovery as sales have jumped 26% for the first six months of 2012 when compared to the same period a year earlier. The pressure on prices is yet to be felt within Hamilton as the pick-up in buyer demand has so far been met with keen sellers, however, this may not last long. In recent months the number of houses available for sale has plummeted. Although this is an expected seasonal trend the limit to buyers’ choice is now beginning to place… Read more
Commercial & Industrial Market Update
The first half of 2012 has witnessed a revival in commercial and industrial real estate activity. A key observation within the leasing market has been the trend for businesses to consolidate into fewer buildings and upgrade accommodation. As a consequence lower grade accommodation has been somewhat marginalised particularly if the landlord is not prepared to invest to upgrade the building. Government and corporate clients have also become increasingly concerned with the seismic rating of a building… Read more
Commercial Sense
In line with the economic recovery throughout New Zealand’s various business sectors, we’re now experiencing the beginning of Waikato’s commercial property recovery. The commercial property sector has seen significant change since the recession took a tight grip on our economy in 2008; vacancies increased throughout the retail office and industrial markets as many businesses either downsized, or downgraded, their accommodation. As the recovery unfolds it is evident that some retailers and… Read more