28 Feb Outlook 2010 : Property Management
SAVVY MANAGMENT KEY TO RETAINING VALUES
Proactive asset and tenant management will be crucial to minimising futher erosion of capital values in 2010, says Nicolas Piper, commercial property general manager of Bayleys Property services which has a portfolio of more than $1 billion worth of commercial and industrial property under management.
The commercial property market is expected to remain under considerable pressure in the short to medium term. The continuing rise in vacacy levels, the associated increase in leasing incentives on offer, as well as the inevitable reduction in negotiated net effective rentals, are all factors that are strongly impacting on rental income streams and, of course, property values……
Please click on the following link to read the full published article Nicolas Piper