The Six Most Important Issues you should be considering as a Tenant in the Current Real Estate Market Environment

1. 1. Don’t take it personally. Regardless of how good your business plan and product/s are, if you are paying over the odds in rental, it will always be a catch up scenario.

1. 1. What was once prime real estate within a strip centre or location and known as “gold”, may now not be the case. In our working environment and lifestyle, change is one of the fundamentals that you can be assured of and one that will occur regardless. Rentals payable within a location change and if you have set increments per annum, you may be setting your business up for a fall.
   2. Make sure the legal document you sign is in fact the document that reflects the best outcome of the market in all manners and represents your interest to the fullest. The document must assist the “commercial” viability of your interest.
   3. Ensure that you have a team of experts on your side. You may need some of the following professionals; solicitor, builder, interior designer etc. to assist in all facets of what you have planned for the site.

1. Don’t just rely on “bricks and mortar”. It would be foolish to even consider that retail today is all about your site and location. You need to be able to provide your location with the support of a functional website and social media.
2. You have NO option but to select a “tenant representative”. A tenant representative will provide peace of mind that you have all possible forces acting on your side. It is no use expecting either the Landlord or his/her Agent to have your best interests at heart. Choose a tenant representative that is fully qualified, has market knowledge and is active in the space of expertise.

For all you tenant representative enquiries, please call our office on 1300 78 44 88