Changes needed to prevent further glut of office space

Article Abstract:

The fall of the US commercial property market has resulted in industry participants' blaming each other for market excesses. The fact is that all industry players are to blame, including municipality and city government. It is therefore the duty of all parties involved to revive the commercial real estate market by implementing economically sound policies. A new long-term perspective in development should be adopted to discourage build for quick profit schemes. Lenders have to alter their mortgage lending policies to have more control over property management. By combining these efforts, a healthier industry will soon emerge.

Commercial Banks, Savings Institutions, Management, Planning, Financial institutions, Commercial buildings

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New lease structure proposed to aid tenant retention

Article Abstract:

The overbuilding prevalent during the 1980s softened the commercial real estate market of the 1990s thereby causing vacancy rates to rise while at the same time lowering occupancy rates. Tenants of office buildings have the advantage in the prevailing situation because they can select prime properties in the market at very competitive terms. Moreover, tenants tend to change buildings upon the expiration of their leases to get better terms. To deal with the problem of controlling high tenant turnover, office building owners and managers have resorted to the innovative add-on leasing system.

Innovations, Economic aspects, Office buildings, Building leases

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Managing and leasing institutional real estate portfolios

Article Abstract:

Asset management of real estate portfolios should not include property management, which is the job of a company specializing in managing property, and the task of the asset manager is to choose an efficient property manager. The key to success is to choose the most efficient property manager to deal with everyday operations. Staff should be assigned to specific areas of responsibility in order for the asset management team to perform at optimum levels.

Methods, Portfolio management, Real estate management, Real estate investment, Real estate investments

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