CPI downward movement for 1st quarter '16

Office suites in demand with owner occupiers

SOLD:  8/756 Blackburn Rd Clayton within "Monash Corporate Centre"

Modern light filled self contained office suite of 89 sq.m sold to an owner occupier.

Steven Lawson
steven@lawsonrealestate.com.au

Rare Burwood owner/occupier opportunity

11 Harker Street Burwood

https://www.youtube.com/watch?v=sUQExZ7qGwk

Steven Lawson
steven@lawsonrealestate.com.au

CPI December '15 continues the upward trend

Out of control outgoings are killing rent growth in unit developments

OUTGOINGS AS A PERCENTAGE OF ANNUAL RENTAL HAVE DOUBLED IN PAST 5 YEARS OR SO!
Escalating Owners Corporation fees, Council and Water rates, plus other charges such as ESM are now getting up around 25% of the annual rental. We have seen some as high as 30%.

The rule of thumb used to be more like 10%-15%.

Tenants look at the total occupancy cost, rent plus outgoings, with outgoings increasing at this rate, it is restricting rent growth.

Steven Lawson

steven@lawsonrealestate.com.au

GET A PERMIT FOR YOUR FITOUT!!!

Make sure you get a permit for any internal fitout works, it causes nothing but trouble, delays and expensive rectification works when selling the property or achieving ESM compliance.

Likewise with "use", we are seeing increasing problems when the current use required a permit under the zoning, but was never obtained.

Steven Lawson
steven@lawsonrealestate.com.au

LRE acts for Dallas Texas, based tenant advisor, Corporate Realty Advisors

Lawson Real Estate acted as the local representative on behalf of US based, Corporate Realty Advisors in sourcing and securing new Commercial premises for their client ECI Software Solutions.

Following an extensive search and analysis of the market, ECI secured the lease of a whole floor comprising 711 sq.m  in 255 Blackburn Road Mount Waverley

The lease was handled by Steven Lawson 
steven@lawsonrealestate.com.au