Brisbane Industrial Property

Free tips, and ideas for investing in the Brisbane industrial property market

Tag: occupancy (page 1 of 3)

FOR LEASE: 155 Wellington Road, East Brisbane

Outstanding Branding Opportunity

155 Wellington Road, East Brisbane

155 Wellington Road, East Brisbane

  • Highly-sought after commercial location
  • Immediate access to the CBD via story Bridge
  • Direct access to Northside & airport via Clem 7
  • 216m2 Showroom and office over two levels
  • 192m2 High bay warehouse for parking or storage

Situated in a prime position on Wellington Road this 405m2 block offers excellent exposure and business branding to one of Brisbanes main arterial roads. The improvement covers approximately 300m2 of the site allowing easily accessible car parking at front. The solid block construction provides a combination of ground floor office with workshop, first floor office mezzanine and wrap around high bay clear span warehouse. The roller door is automatic and the property offers 3 phase power.

Please contact agents for further information:

Aron Burtenshaw  – 0448 554 494

Tom Hickey – 0402 567 941

Ray White Industrial Milton

Presenting the property for leasing opportunity

In leasing commercial and industrial property today and particularly in the investment market of Brisbane, the presentation of the vacant property is always critical when it comes to identifying the right tenants and attracting lease negotiations.
It is interesting to note that some clients and landlords prefer not to improve a property and its presentation until such time as they have found a tenant. Unfortunately that then means a lot of enquiry and potential tenant occupancy may very well be lost. People and particularly tenants judge a property firstly on what they see. If the property satisfies that basic assessment then they will go further with inquiry and inspections.
If you have a challenge of leasing a property currently then the following list of ideas may help you:

  • The outside of the property and particularly the frontage or facia must send the right message. If the frontage needs a coat of paint and a clean up, then get it done before the vacancy is marketed.
  • Any signage on the facia relating to previous tenant businesses should be removed and made good. Remove any factors of identity on the outside of the building. Such signs are distractions from a marketing point of view.
  • Don’t list your property with every agent in the local area. The ‘open listing’ process will destroy the marketing momentum in so many ways. Select a good agent that understands the local area and has proven to you that they have a recent track record in successful leasing negotiations. Appoint your agent on an exclusive listing basis for at least four months if not longer (depending on property type).
  • Apply some marketing funds to the promotion of the property. Those funds will be in addition to the commission paid when an agent successfully closes a lease deal for you.
  • Don’t choose an agent based on a false criteria such as a ‘low commission’. In most cases those ‘cheaper agents’ do not have the market share or the experience to produce leasing results quickly and effectively.
  • Select an agent that can advise you on how the property should be marketed, inspected, and then negotiated. Ask the agent to explain how they can protect and optimise the clients position in a lease negotiation.
  • Make sure that the internals of the property are prepared and cleaned for and upcoming inspections. If necessary get painting of internal walls, and floor coverings replaced before inspections and marketing occur.

You can see from this list that the marketing of any property for lease is a strategic process that should not be taken lightly. In many respects you only have ‘one shot’ to find a tenant and on that basis it has to be your ‘best shot’. All elements of the leasing package have to align to the prevailing market conditions.

Get Your Property Into Their Hands

In commercial real estate, and particularly industrial property, when you have a vacancy or sale issue to deal with time is critical when it comes to attracting tenants or buyers as the case may be. You want to get your property into the hands of the right people in a timely way as they consider future occupancy needs and investment requirements. There are no shortcuts and specific promotional strategies are required by the Agent or Broker.

The marketing message that you create for your industrial property should be solid and specific. That will require an exclusive listing campaign supported by the dedicated efforts of a specific and skillful property agent. It should be said that not all agents are equal; the same can be said about marketing strategies and marketing coverage.

When it comes to selling or leasing any industrial property don’t choose the agent with the lowest commission rate or smaller marketing costs. Choose the best agent who can comprehensively cover the market through specific efforts and promotional processes; costs are secondary to any agent appointment. Ask plenty of questions to understand exactly how that agent will take your property to the tenants and buyers as quickly and effectively as possible.

You only have a short period of time at the beginning of any property campaign to spread the message quickly and effectively in the target market. Within 6 to 8 weeks the property can become stale and unattractive to the target audience. From the very start of the campaign, it is essential that the marketing message is specific, timely, and on track when it comes to sensible rentals and correct prices.

The marketing message and the method of sale or lease should be quite specific to the outcome required. Here are some ideas to help you get your property into the specific targeted segments of buyers and tenants:

  • Mix your marketing activities between online and off-line promotions.
  • Vendor paid marketing will be required as part of the comprehensive promotional process. Any agent that tells you otherwise is not genuine or committed to getting a positive outcome on the part of the client.
  • Have your agent determine the key message and strengths of the property to be built into the marketing message and advertising copy.
  • Define the target audience specifically and determine how promotional process will tap into that audience of tenants or buyers. Generic advertising is required and that’s why listing exclusivity should be given to one agent as part of the listing process.
  • Every marketing campaign should be tracked so that it can be adjusted over time. The marketing message can be adjusted every 7 to 14 days.
  • Ensure that the advertising in the online Internet portals shows variation between the different portal websites. In other words there should be two or three different types of advertising message.

When it comes to promoting your property, the right decisions with the agent appointment and marketing will help greatly when it comes to shortening the time on market and price or rent outcome.

Older posts