Monday, 4 May 2015
Commercial Property in Perth: Foreign Investment Antidote to Vacancies
There is also a good chance that enquiries into Perth commercial property for lease will turn into sales this year, so writes Kim Macdonald of The West Australian. Clearly, property owners should take advantage of these opportunities to attract tenants, whether foreign or local. An effective way of attracting investors is to offer incentives in the form of rent-free or rent-reduction periods. Commercial property in Perth, on average, comes with one of the largest landlord incentives in the country, between 40 and 45 percent. However, a more ideal figure should be based on several economic indicators like fit-out costs, the local economy’s health, and market prices elsewhere. A commercial real estate expert can help you arrive at mutually agreeable leasing arrangements with your tenants.