News and Thoughts
Thoughts on the Real Estate market and beyond.
Time to Pivot
02 December 2021After many years of producing a monthly newsletter incorporating our thoughts on the state of the industry, the state of the marketplace, the origins of the Milky Way, and more, it has come time for us to pivot. Just as many in different industries have taken the impact of this… Read More
Missing in Action
02 December 2021One of the frustrations which comes when buying industrial property is the amount of work that has to be needlessly done after settlement of a purchase. We find ourselves constantly running around trying to compile information on a property, which should really be handed over in… Read More
State of the Industry
02 December 2021What a difference a few weeks can make! For some time every agent we spoke with was bereft of properties to sell. Then within a few weeks there are so many opportunities it is almost overwhelming. At Expedio we are currently transacting more deals than ever before. But the plethora… Read More
A place for sleuths
02 November 2021Over the last month we have seen a dramatic shift in available stock. From a position where the cupboard of available stock was almost bare, to a flood of opportunities on the market. With many of those opportunities being sold by auction, it means that buyers must be selective… Read More
Market Comment October 2021
02 October 2021One of the most interesting aspects of this most recent lockdown is how much business continued to be transacted. Our observation was that businesspeople realised life had to go on, and therefore found ways to continue to buy and sell property. The chatter pre-lockdown… Read More
How sustainable can we be?
02 October 2021It is a question that we often address. What can we in the industrial property segment do in order to be more friendly to the planet? Whilst it is not a reason for inactivity (on the part of the landlord); greater environmental impact, or sustainability, is made by how… Read More
Call the Ghostbusters
02 October 2021We have all experienced the ghostly phenomenon. A vendor signs an agency agreement, and says” Bring me an offer”. The agent brings an offer. Then there is no response from the vendor. Tomorrow, or the next day. Or the day after that. Calls are not answered, emails not responded… Read More
Raiders of the Lost Art of Questioning
01 September 2021Periodically we don our fedora and safari suit and set out on another quest. In our imagination we are a (younger) Harrison Ford searching for an elusive golden key to the secrets to the universe. And of course the art of questioning is in some ways a key to the universe.… Read More
WFH – what changes can we make?
01 September 2021Being thrown into lockdown once again has again brought to the fore the topic of working from home, and the associated efficiencies or inefficiencies. Whilst we are intermittently irritated by the stream of articles in the press intimating that everyone is working from home, and… Read More
It’s not the BIG that eat the SMALL… it’s the FAST that eat the SLOW
03 August 2021One of the books in the Expedio library that is somewhat dog-eared from use, is “It’s not the BIG that eat the SMALL… it’s the FAST that eat the SLOW” by Jason Jennings and Laurence Haughton. It was published back in 2000, but retains it’s relevance today. Perhaps even more so.… Read More
What does the data tell us?
03 August 2021Recently we went through the exercise of selling a residential home. It was a GJ Gardner home in a desirable South Auckland suburb. Nothing particularly special about it – certainly not a Herne Bay mansion. Although we are versed in the process of buying and selling industrial… Read More
Commissions
03 July 2021It is an ongoing discussion as to what constitutes a “fair” or reasonable commission. There are times when an agent works on a deal only for it to come to nothing. Or an agent has to work long, hard and inventively to get a deal across the line. And then there are times… Read More
How Valued is Green?
03 July 2021Increasingly we see the benefits of “green” buildings being hailed. Whilst mostly new office buildings, there are also examples of green aspects of industrial buildings lauded in the press. Is this trend just virtue signalling? Or is it something real that we should be… Read More
Market Comment June 2021
03 June 2021The pre-eminent sentiment in the market currently revolves around the lack of stock. With so little stock available, many potential vendors rightly will not release properties for sale when they cannot find an alternative investment opportunity. At Expedio our sentiment is certainly… Read More
Let's value what matters
02 June 2021The current prevailing methodology for valuing industrial buildings is to put a price on every square metre of office, and every square metre of warehouse/factory, with weightings of these prices determined by such factors as quality of the space, stud height, suburb etc. Then… Read More
Are commissions upside down?
02 June 2021Real estate marketers are constantly telling us that the agent works for the vendor, and will get the vendor the best price. The cynical might well correct that advertising hype by saying that the reality is that the agent works for themselves. Most agents work on a sales commission… Read More
Scourge or Saviour: The return of inflation
02 June 2021The lack of inflation in our economy of recent times has been something of a scourge for many. Those reliant on fixed incomes or rental incomes from industrial property have seen their incomes plummet, and money as a tool in itself for generating income, almost worthless with many… Read More
May 2021 Comment in Brief
03 May 2021Taupo Marketplace: Over the past year Expedio has been accumulating a small portfolio of properties in Taupo. It’s a very different industrial proposition from Auckland, with tenants taking longer to secure, but yields are substantially higher. We will be shortly… Read More