82 | PROPERTY Bayleys Canterbury Commercial T T Bernadette Cooney Maximising value and profitability Craig Kerr: “We are the go-between for commercial landlords and tenants...” Working across the core property mainstays of commercial, industrial, office and retail, Bayleys Canterbury Commercial are one of the region’s largest sales and leasing teams with a nationwide reach, as part of Bayleys Realty Group. The current commercial property market is competitive, and the market is tight for space, says the regional manager of Bayleys Commercial Property Services, Craig Kerr. “New high spec industrial availability is approximately 1 percent of the market and commercial in the CBD is very limited. A-grade office and retail space are also limited and while landlords will look at incentives for office and retail space, we’re seeing fewer incentives in the industrial property space.” Bayleys Canterbury Commercial provide a full range of services for landlords and tenants across diverse businesses of all sizes. Striving hard to achieve a win-win situation for both parties in each leasing transaction and achieving better reach through its extensive networks, the Bayleys Commercial team is a client-centric one with its members coming from all walks of life including business, manufacturing and farming. “We are the go-between for commercial landlords and tenants, so we effectively manage the landlord’s affairs from maintenance to financials We manage the leases within commercial properties and facilitate the lease, management and sale of a property,” says Craig. “For example, if there’s a vacancy within the building that we manage then we will engage the services of a commercial real estate agent to find someone to put into that space.” The current commercial property market across Christchurch, Selwyn and North Canterbury is experiencing relatively steady activity at designated commercially zoned business parks such as Waterloo Business Park in Islington, I-Zone Rolleston, Hornby Industrial and the Belfast Business Park. “These outlying areas which have good access to transport arterials are still thriving while certainly retail and hospitality spaces in some spots are less so.” The greatest demand currently is for high-warehouse and office space with adequate storage capabilities and MAF-approved container drop areas says Craig. Increasing operating costs borne of increases in rates and insurance were putting pressure on landlords and the role of a successful commercial property manager is to try and keep those operating expenses manageable. “And depending on what those costs are, some can be recoverable as part of a tenant’s lease operating expenses.” The key thing to know is that shifting from one premise to another can be a big expense. “Make sure you’ve done your homework and you’re moving to a place that can cater for growth – so you don’t outgrow it in a couple of years.” Better yet, engage the services of Bayleys Canterbury Commercial and they can search for you, leveraging their landlord relationships to secure a property match and help tenants fit out and relocate. Landlords are assisted with innovative and skilled marketing and experienced managers focused on proactively sustaining tenancies and professional relationships. Whether you have a property to lease or are tired of self-managing your investment or whether you’re seeking commercial sections for development, Bayleys Canterbury Commercial can help. Their tailored commercial property services include property and tenant management, facilities and operational management, property accounting and financial management, building compliance and health and safety. Overseeing the day-to-day operations, maintenance and administration of commercial properties large and small is Bayleys Commercial’s forte. Their primary role remains to maximise the value and profitability of the property on behalf of its owner. 027 535 5163 Let’s Talk Licence #18516 admin@rjcrouch.co.nz A V A I L A B L E 24/7 for all your plumbing, gasfitting and roofing needs. PLUMBERS ROOFERS GASFITTERS Call 03 385 1566 Cleaning Services For all your commercial cleaning requirements.
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