Derek Hibbart’s Post

Abloy UK has delved into multi-residential access trends and key market drivers in a new whitepaper, ‘The future of multi-residential access management’, encompassing environments such as apartments, university accommodation, care homes etc. https://lnkd.in/e4Xa36Za ABLOY UK

Service charge budget creation and management across our developments. Setting service charges in line with the landlord’s vision is the most important factor for servicing the scheme and delivering exceptional experiences and environments for the residents. Our approach is tailored to the unique needs and environments of each development, ensuring that our consultancy and services are bespoke and effective. For all of our existing live developments, we have introduced a customer-centric approach to service charge communication, providing transparency through comprehensive service charge packs. This initiative has received widespread appreciation from our clients, resulting in fewer service charge queries and excellent resident feedback. One Crown Place The main cost driver for this mixed-use development is largely allocated to Estate Contributions followed by Private Residential Facilities and Building Staff Costs to ensure that the communal areas are well-managed and serviced. PRINCIPAL TOWER With a combination of residential, retail, and commercial spaces, the largest sum of the service charge is allocated towards Building staff costs followed by utilities and then insurance. This budget supports the seamless operation of the diverse spaces within the development. Thames City As a residential development, consisting of luxury apartments and high-quality amenities, a huge portion of our service charge is allocated to resident amenities in addition to our usual focused costs on Staffing, Security and Utilities for a premium living experience. If you have any further questions, email at lrmprimeenquiries@lrmprime.co.uk. #PrimeDevelopments   #ResidentialManagement  #PropertyServices #BuildingManagemen

Well-located, class-A buildings with rich amenities are outperforming lower-tier properties, emerging as the prime choice to attract employees back to the office from remote or hybrid work setups. High-quality amenities are pivotal in occupancy rates and tenant willingness to pay a premium. In a fascinating report by JLL, an attempt is made to quantify and put a number on how much rent premium certain amenities command. A few of the reports conclusions: 🎯 Buildings with a roof or sky terrace command a 5.2% rent premium compared to similar Class-A buildings in the same area. 🎯 Courtyards with outdoor seating offer a 3.5% rent premium. 🎯 LEED certification (‘green’ building rating) boosts rent by 2.8%. 🎯 A fitness center alone adds a 0.5% rent premium, while those with shower facilities see a 2.9% boost. 🎯 A food hall generates a 1.4% rent premium compared to a mere 0.1% for a standalone restaurant. See the full report from JLL in the link below

I attended this session yesterday on the status of Melbourne's commercial real estate - was interesting to see and hear how Melbourne is bouncing back. High liveability, affordability, and population growth, support demand across various real estate sectors. Melbourne boasts one of the strongest combinations of population and GDP growth projections globally. Download the full report to learn more on The Real Melbourne -link in comments #jll #melbourne

Adjoining buildings in heart of Canberra’s CBD for sale - Colliers An opportunity for an investor to take a major stake in Canberra’s city centre with a fully tenanted property portfolio with outstanding potential, offered by Colliers agents, Matthew Winter and Bella Kanellopoulos. “It isn’t often that multiple buildings are offered for sale in one line,” Colliers Head of Capital Markets & Investment Services ACT, Matthew Winter said. “Four separate title blocks with significant frontage, the adjoining buildings have an NLA of 808.4m2, a multi-tenant profile, are 100 per cent tenanted, boast a strong history of occupation and currently have a WALE of 2.13 years. “Garema Place has long been part of the historic centre from which the city has expanded outwards. The area is now experiencing transformative works and this property is surrounded by key amenities such as the Canberra Centre, bus interchange, and major Government departments, as well as planned infrastructure projects including the London Circuit light rail extension, a 5-star luxury hotel, and a $150m office development. The ANU is close by, along with the proposed UNSW CBD campus.” The ASEAN Developer Paul Powderly Layla Kovac Shanita Rajanathan James Powderly Nick Evans ^Subject to approval. *Estimated as at 1 April 2024. All areas and outlines are indicative only. #Canberrarealestate #canberraproperty #retailrealestate #retailinvestment #realestateinvestment #propertyinvestment

Are you curious about the resilience of Melbourne's commercial real estate? Melbourne remains one of the most affordable and livable cities in the world, with one of the most educated workforces in Australia and rapidly decarbonising. JLL's latest research report offers compelling insights into the city's various sectors. How is the Office market recovering? 1️⃣ 18% of prime office assets achieved positive net effective rental growth over the last two years 2️⃣ Recovery is starting in Melbourne's Eastern Core and rippling outwards 3️⃣ High vacancy persists, but good quality options are limited What's driving the Industrial sector's strength? 1️⃣ Vacancy remains low at just 3% 2️⃣ Projections indicate demand for 2.6 million sqm of additional space over the next five years 3️⃣ Melbourne's West prime net face rents are 34% lower than Sydney's Outer Central West, attracting national distribution centres. Melbourne's fundamentals remain strong with opportunities emerging across sectors, however, Annabel McFarlane - Head of Strategic Research - suggests a nuanced approach and strategic thinking is required given different sectors are being influenced by different supply and demand dynamics. Want to dive deeper into Melbourne's commercial real estate landscape? Download the full 40-page JLL report for comprehensive analysis, linked in the comments below. #Melbourne

Discover how key trends are shaping the U.S. elevator and escalator market! In 2023, the U.S. elevator and escalator market installed 33.8 thousand units. Projections suggest this figure will increase to 40.1 thousand units by 2029. In the first nine months of 2023, the U.S. saw the opening of 345 new hotels, with New York City leading the way. This trend is expected to continue into 2024, with New York City maintaining its lead, followed by Atlanta in 2025, contributing to market growth. As 20% of the U.S. households are in multifamily rentals, like apartments, demand for accessibility features, such as elevators, is growing. Stair elevators are increasingly used to aid elderly individuals with stair navigation. As per records uncovered by WRAL Investigates, nearly 5,000 elevators, escalators, and lifts in North Carolina are past due for their annual safety inspections, with Wake County contributing almost 2,000 of these instances. Increasing accommodation building approvals are expected to drive the U.S. elevator and escalator market as the U.S. sees a surge in hotel openings, led by New York City and followed by Atlanta. The key players in the U.S. elevator and escalator market are KONE, Otis, Mitsubishi Electric, Schindler, Hyundai Elevator, TK Elevator, and Hitachi, Köhler. Know more https://ow.ly/APgM50RIbe7 #USelevatorandescalatormarket #elevatorandescalatormarket #elevatormarket #escalatormarket #researchreports #marketresearch #industryanalysis #trends #insights #dataanalysis #markettrends #businessintelligence #marketinsights #analysis #ariztonresearchreveals #marketinsights #marketsize #marketgrowth #marketshare #marketrevenue #marketanalysis #report2024 #marketexpansion #industrialmachinery

Attention all building owners and property managers! Want to attract more tenants and increase your income, hence value? Look no further than amenities. According to recent data, buildings with amenities have nearly an 8% lower vacancy rate and are obtaining a whopping $25.86 higher effective rents. Amenities such as tenant conference centers, showers, lockers, bike storage, and open-space areas are becoming increasingly important to tenants. Don't miss this opportunity to deliver what tenants want and are paying for to attract high-quality tenants. #sanfranciscoofficemarket #colliersinternational

Very excited to be talking about #workplacemanagement and #commericalrealestate again. Love these topics! Per the National Association of Realtors, office vacancy reached a new high of 13.7% this past March. Optimizing your space through #hoteling gives commercial real estate pros and investors a way to survive a tough market. Check out these 5 benefits of hoteling and how to better drive ROI: https://lnkd.in/g8HhiqRW #IWMS #flexibleworkspace #hybridmodel