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Will Technology Ever Make Tenant Representation Obsolete?

Tenant Representative Services

Will Technology Ever Make Tenant Representation Obsolete?

This question is being asked by a number of Lessees in the current real estate market and one question that seriously needs a discussion before time and money spent becomes a waste of those resources.

To answer this question, one needs to sufficiently define what a Tenant Representative does or more so, what Tenant Representative Services allow.

Simply, a Tenant Representative is an advocate and/or consultant of whom is working for and on behalf of the Lessee exclusively.

 

Tips from a Valuer in Rental Determinations

Tips from a Valuer in Rental Determinations

The following discussion provides the main areas of a rent review process:

As a Commercial Property Valuer of some twenty-five (25) years plus, more particularly, a Specialist Retail Valuer, the Commercial Property Determination process, depending of where the parties involved are in relation to experience, can be very daunting. The role and process may be considered as a snapshot as to the main points to consider:

Value of Real Estate Property in 1907 and 2018 – Where is the Comparison?

As one of Melbourne’s leading property valuers, all I can say is, if I had a dollar for every time a consumer asks me this question, I would probably have retired already.

Can you provide me with a valuation – you know I don’t need a report, just an opinion of value, an appraisal, or estimate of value.

The Australian Property Institute (API) has recently reported that the marketplace in general substituted the word “valuation” with other alternative means of appraisal, sale price, estimate, assessment, selling range, opinion.

First Valuation Group Caulfield Prestige Residential Sales Survey

First Valuation Group Caulfield Prestige Residential Sales Survey

Jan – Dec 2017

Address
Land Area m2
Bldg. Area m2
Date
Sale Price
Sale Price/ Bldg. Area m2
Sale Price/ Land Area m2
Photos
33 Labassa Grove, Caulfield North, Vic 3161 892 456.4 7/12/2017 $4,600,000 $10,079 $5,157
58 Rosemont Avenue, Caulfield North, Vic 3161 776 447.1 4/12/2017 $4,850,000 $10,848 $6,250
51 Howitt Road, Caulfield North, Vic 3161 1,091 204.4 6/11/2017 $4,365,000 $21,355 $4,001
10 Pearce Street, Caulfield South, Vic 3162 754 377.4 28/10/2017 $3,050,000 $8,082 $4,045
8 Wootton Grove, Caulfield North, Vic 3161 1,006 503.3 13/10/2017 $7,300,000 $14,504 $7,256
202-212 HawthornRoad, Caulfield North, Vic 3161 1,717 443 26/07/2017 $8,700,000 $19,639 $5,067
18 Howitt Road, Caulfield North, Vic 3161 1,090 N/A 19/06/2017 $4,100,025 N/A $3.761
173 Kooyong Road, Caulfield North, Vic 3161 1,103 477.3 30/05/2017 $4,550,000 $9,533 $4,125
30 Otira Road, Caulfield North, Vic 3161 634 419.4 21/05/2017 $4,100,000 $9,776 $6,467
32 Lumeah Road, Caulfield North, Vic 3161 1,091 480 2/03/2017 $5,300,000 $11,042 $4,858