In managing a commercial property portfolio, one of the most vital factors influencing profitability is the strength of tenant covenants and the clarity of lease terms. However, a critical yet often overlooked element is a comprehensive understanding of the lease agreements themselves. Specifically, clauses related to repairs and maintenance can have a profound impact [...]
The commercial property market is currently navigating some interesting challenges. There's the ongoing debate over work-from-home and hybrid working models, which threaten corporations' demand for office space. Construction costs continue to rise, squeezing feasibilities and development opportunities. Cap rates have softened due in part to volatile economic conditions. Additionally, unpredictable global weather patterns highlight [...]
In the realm of "Data-driven decisions," organisations often grapple with workspace strategies. Post COVID-19 research offers crucial insights into workplace dynamics, aligning seamlessly with Redd Zebra's recent space utilisation study across several commercial CBD office locations. The PCA Office Occupancy figures for February 2023, show trends across the reported states with office occupancy rates [...]
With steadfast tenacity, unwavering integrity, and a commitment to authenticity, Redd Zebra proudly commemorates its fifth year of operation. Our journey has been marked by diligence, resilience, and the preservation of our core values. This milestone is not about extravagant celebrations or self-adulation; rather, it symbolizes the culmination of dedicated efforts, overcoming challenges, and the [...]
In our previous post, we delved into the intricate world of "make good" provisions within commercial lease agreements. We explored the challenges these clauses often pose to both landlords and tenants, touching upon interpretations, financial implications, sustainability concerns, and more. As we continue our journey through the realm of commercial leasing, it's time for [...]
Amidst the dynamic landscape of Australia's $49.15 billion commercial real estate industry, featuring over a million commercial leases managing the interactions between landlords and tenants, understanding the intricacies of the "make good" provision is pivotal. With tenants seeking to mitigate future disputes and report contingent liabilities (AASB116, AASB137, IFRS16) and landlords striving to safeguard [...]
In an era marked by unprecedented environmental challenges, the imperative to adopt sustainable practices is more urgent than ever. Amidst growing concerns over climate change, companies that wholeheartedly embrace renewable energy sources, remote work solutions, and electric vehicles set a powerful example. Redd Zebra, has always thought differently, this is exemplified by integrating solar panels, [...]
The evolving dynamics of remote work and office-based operations have raised important questions about the existing workplace infrastructure and its compatibility with the current workforce. Redd Zebra recently consulted with prominent tenant representatives who have observed a fundamental shift in the way we work over the past two years. While corporations and governments encourage [...]
Early in 2020, as the world was entering the first stage of what was to become ongoing lockdowns, images were broadcast around the world showing pollution free skies and clearing waterways. If there was any doubt before, here was pictorial evidence that our modern way of life was having an undeniable impact on the world [...]
The global response to the pandemic has impacted the leasing market with changes being felt across all sectors. Vacancy rates are rising and subleasing of office space is reported at record highs in Australia's eastern state capitals. Organisations that were reluctant to ‘trust’ their employees to work from home over productivity issues and employee [...]
