State of the Market and Occupancy Calculations
In this episode I discuss our occupancy rates. I'll share data from our own properties, revealing occupancy levels across various sites, and highlight the ongoing activity in the market, with multiple buildings being bought by our consultancy clients. KEY TAKEAWAYS The commercial property market is still active and deals are happening, as evidenced by the three buildings that were recently bought by commercial property investor consultancy clients. Occupancy levels in our properties are relatively high, with an average of 92% across the sites. This indicates a steady demand for flexible workspace and storage space. It's important to understand the target market and identify gaps in the market demand. This includes considering factors such as quality, contractual commitment, and size of the space. There's a possibility of developing opportunities for investors to work closely on an earn and learn basis, indicating potential future collaboration and investment opportunities. BEST MOMENTS "If you can't quantify it, you can't do anything about it." "Everybody's carrying on with their legal stuff, what they want from us, the projects they're working on, the mergers they're doing, the properties they're buying, carrying on like nothing's happening." "So it's all very well for somebody to come and have a look at space or enquiring about space, but are they actually taking it and occupying it? This one's a bit more of a lagging indicator, but it's where customers have signed and are spending their money rather than kicking tyres." "Enquirers for flexible workspace and storage space in our part of the world are still strong. And as you've heard, occupancy is not too shabby right now either." JOIN THE NETWORK If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours. Useful Links: CPI Website - https://commercialpropertyinvestor.co.uk/Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/Property Investing, Commercial Real Estate, Strategies, CMO, Lease, Licence Agreement, Cashflow, Vacancy rates, Agents, Best Commercial property podcast, how to buy, Valuations, ROI, residential, assets, Flexspace, office space, How to get started: https://www.commercialpropertyinvestor.co.uk/