Solutions Newsletters

Leasing Activity A Bright Spot: July-Sept 2020

October 1, 2020

SOLUTIONSInsights, properties & results / Your solutions

Despite the difficult operating environment and business uncertainty due to COVID-19, there are some bright spots across the industrial and commercial property sectors in Melbourne’s south east.

Almost all companies have changed their business plans due to COVID-19, with some of these upsizing or downsizing their businesses, while others have just started out, and some have regrettably closed down. Inevitably, a change in plans can mean a change in premises.

From the start of April 2020 when the impact of COVID-19 hit Australia, to August 2020, Nichols Crowder has transacted 167 new leases.  This is 167 businesses that Nichols Crowder has assisted to find more suitable premises, helping them to get through the pandemic and providing some stability for associated landlords.

Interestingly, the number of new leases from the corresponding period last year, April 2019 through to August 2019, totalled 124.  This represents an increase in new leases of 37%, which highlights the current preference of businesses to lease rather than buy.  

Below we provide a snapshot of some recent Great Results.  Stage 4 has triggered a pause in inspections, however it provides an opportunity for an indepth review of your property.  If you are considering selling, leasing or need assistance with managing your property, please do not hesitate to call us. 

We hope you and your families are keeping safe and well. Whilst our office doors remain closed, we are working remotely and look forward to being able to assist you at any time.

Matt Nichols & Michael Crowder

Put your property with the Leaders of the South East

We’re proud to lease and sell, through auction and private sale, hundreds of commercial and industrial properties annually. Beyond that, our property management services extend across Melbourne, into regional Victoria and interstate. Our quest for innovation, real experience, unmatched database and the fact that we’re the only commercial and industrial agents with offices that stretch from Bayside to Moorabbin, Braeside to Dandenong and Carrum Downs to Mornington Peninsula has made us the Leaders of the South East.