Tag: Industrial Real Estate

Finding a Commercial Property Investment in Perth

If you’re in the market for a commercial real estate investment in Perth, there is much to consider. You want to choose the right property type, in the right location, and at a time that will provide you the best possible return.

In this article, we outline some key factors to help guide your search for a commercial property investment in Perth.

Why a commercial property investment?

Property investors in Perth can generate a profit by allowing tenants to lease their commercial space. Compared to other property investments such as residential, commercial generally offers a higher cash flow and therefore greater yields.

Another benefit is that commercial tenants are usually more responsible as they have a reputation to withhold. Plus, the lifespan of a lease can be negotiated to last in excess of 5-10 years in some cases. These advantages of commercial investments are what make them more secure than a residential investment, from an investors point of view.

For more differences between residential and commercial investments, see this article.

Commercial Property Types

Perth is home to a wide range of commercial property styles, each with varying operational needs.

Office – An office space is the backbone of almost every business structure. Depending on the industry and needs of the business, an office may be located deep in the heart of the CBD, or in a more suburban area.

When investing in an office, location plays a leading role. Most tenants will want an office in close proximity to transport routes, and in an area where employees will enjoy the surroundings. Consider nearby dining facilities and natural open spaces for hours outside of work and unlike other industries, most businesses prefer an office near companies with similar interests.

Industrial – Investments in industrial properties can range from a small distribution centre to a large manufacturing site with major logistics and heavy machinery. Industrial properties often feature very different structural facilities like warehouses, storage yards, offices, and wide loading bays.

Like a standalone office, tenants will want an industrial property located near food outlets and sufficient transport routes, especially if they require access from heavy trucks. Other crucial amenities include a kitchen/dining area, bathrooms, and office space.

Retail – A retail property may be a streetside shopfront or a shopping centre with many tenants. These sites should be optimised for as much foot traffic as possible, and often require back-of-house access for deliveries.

The property will fetch a higher rental yield if it presents opportunities for advertising using existing signage or is naturally in a highly visible position. If the retail site is a centre with multiple units, the property should cater to a variety of tenants and provide some common areas that can be utilised by all – such as bathrooms.

Additionally, a multi-functional facility would be ideal if it has room to expand as the variety of retail outlets will attract a wide range of consumers.

Mixed Use – A mixed-use commercial property is like a retail shopping centre whereby it is home to multiple tenants. A commercial strata property might take the shape of an office complex or shared warehouse and needs the communal facilities to satisfy all parties.

Much like other commercial properties, a strata property management system is the best way to ensure all tenants requirements are met.

Speciality – ACommercial properties may be suited to a unique business offering. Examples are service stations, cinemas, hotels, childcare centres, and pubs.

More often than not, these tenants want a location with limited competitors in the area. If this is on offer, companies will be willing to negotiate a higher lease.

Where to look?

In Perth, commercial properties are located in virtually every suburb. For retailers and specialised commercial properties, a location in a highly populated area, away from competitors is the ideal place to set up shop. See our list of commercial properties for sale in Perth.

For the bigger industrial facilities, there are restrictions ensuring they are grouped in designated industrial zones. For a breakdown of these locations, see this Guide for Industrial Real Estate.

When should you invest in commercial property?

With the WA borders now open, the commercial property market is a hotbed for investor activity. According to Domain, the vacancy rate for commercial sites is “historically lower compared to previous years”, meaning property investors are receiving a greater return from their tenants.

In other words, now is a great time to secure a commercial property for sale.

If you are looking to buy or sell a commercial property in Perth’s South_East Corridor, Ross Scarfone Real Estate are the professionals to call upon.

Our vast experience means we have the industry knowledge and excellent service to assist you in making a great return. See some of our commercial properties for sale, or get in touch for an appraisal of your current property.

Perth Warehouses: What’s available? And how do you buy or sell?

Normally imagined as a large storage space, warehouses are a fundamental structure used to maintain many business operations and therefore, provide the groundwork for a prosperous economy.

In Perth, a commercial or industrial warehouse can entail a lot more services beyond merely storing products. For some business owners, their warehouse is the source of all their operations, including production, logistics, storage, and distribution. The functional offering of a warehouse is often the most important aspect when buying or selling a warehouse property.

This article breaks down the key differences between various warehouse forms and functions and shares the considerations to make when looking to buy, sell or lease a warehouse in Perth. For more specific considerations when buying a warehouse, see this article titled ‘Commercial Warehouses For Sale: Top Considerations’.

Types

Private –

Private warehousing is the most common status of a site in Perth as it describes the warehouses owned and operated solely by one business for its own storage and distribution activities. A private warehouse may provide a specific function or a wide variety of functions to the owner, as we describe in more detail below.

Public –

A public warehouse is owned by an independent company and space is then leased out to one or multiple businesses. Often this is an attractive prospect for a retailer whose products or services are a seasonal provision, meaning their occupation of the warehouse space is on a short-term basis.

Functions

The stereotypical storage function of a warehouse is undoubtedly important; however, many warehouses in Perth require more functional attributes to achieve their purpose. Here we explore some of the most common warehouse functions.

Distribution – Commonly referred to as a distribution centre or DC, this warehouse is used to store incoming products for a limited time before they’re separated and transported out to vendors or outlets where the products will be on sale. A warehouse used for distribution has a large volume of inbound and outbound deliveries so being in a prime location with efficient transport avenues is pivotal to success.

Production – A warehouse with the purpose of manufacturing a product would be referred to as a factory, but in some instances, a warehouse is needed to hold raw materials within a manufacturing or production site. This warehouse isn’t involved with business-to-business (B2B) or business-to-consumer (B2C) affairs, rather, it manages the demand for materials, or semi-finished goods that are awaiting further use at the site. The benefit of this is to ensure production isn’t delayed or halted due to material shortages.

Pick, Pack, Ship – The process of picking, packing, and shipping, is often utilised within ecommerce vendors. A warehouse would hold the stock until an order is received online or from a brick-and-mortar store, before proceeding to collect the ordered items. From there, the items are packed, labelled, and delivered direct to the customers location.

In some large-scale operations, this process may be automated within a ‘smart’ warehouse. This can be beneficial as it reduces administration and the risk of mistakes or accidents which may arise if undertaken by a manual workforce.

Temperature and climate-controlled – A temperature-controlled warehouse will store goods at a specific temperature, particularly useful for perishable, refrigerated products. Most warehouses in Perth would have a temperature-control function given the extreme heat, but for companies with sensitive products, this function needs to be more extreme.

Climate-controlled storage warehouses take temperature control to another degree, where they may be required to maintain airflow and humidity levels as well. Some highly sensitive products such as some fabrics, wood, expensive paintings, and electronics, may have an increased risk of growing mould or being damaged by water vapour. A climate-controlled facility should be equipped with heavy-duty HVAC systems, specialised insulation, and dehumidifiers to achieve the perfect air and climate quality.

Bonded – A bonded warehouse or customs warehouse is a facility which can store imported goods without the need to pay an expensive import duty. In some cases, products can be sold directly from the warehouse and the duty is applied on the proceeds of the sale.

On-Demand – As aforementioned, this public warehouse is a space where lots can be rented for a short-term or for a seasonal product offering. This is great for companies who don’t require a permanent warehouse space.

Selling

If you’re ready to sell a warehouse in Perth, it’s important to understand the primary and secondary purpose of the property. As you now know, there are multiple functions that may categorise your warehouse a step further than just storage. Knowing the key functions can help you identify a likely buyer and advertise in a way that will target this audience.

Another thing to be wary of in Perth is ‘zoning’. Across the city, all land has a specified zone, usually categorised as either residential, industrial, commercial, or agricultural. This may limit the selling options if your warehouse is in a specific zone.

Selling a commercial or industrial property, such as a warehouse, can be a daunting task. There are many aspects of a property that can be easily improved or removed to maximise the value of the site.

At Ross Scarfone Real Estate, we have the experience to know what makes a property standout. For over 30 years we have been selling and leasing warehouses across Perth, at the best possible sale price.

If you need some expert advice or assistance in selling a warehouse or commercial property in Perth, reach out to the team today and see what we can do for you.

Buying or Leasing

When buying a warehouse in Perth, it’s important to understand what your business needs beyond just storage. The location, transport access, environmental control needs, security, and room to expand are considerations that should be front of mind.

The team at Ross Scarfone Real Estate has extensive knowledge of the Perth property market and can help you and your business make an informed decision that best suits your needs.

See the current properties for sale or for lease, otherwise contact us to discuss your property aspirations.

Is Now the Time to Sell Your Commercial Property?

Why Sell Your Commercial Property?

  • Demand for commercial property across Perth, from both local and interstate buyers, is strong, signalling Western Australia’s property market rebounds post-Covid.
  • We see the investors entering the field compounded by demand coming out of residential and putting their money across into commercial market to get that higher return.
  • Continued low interest rates, a strong vaccine roll-out, and strengthening economic recovery have translated into strong price growth in Perth city.

What Is Your Commercial Property Worth?

Unlike residential property, which is based largely on land value, commercial property valuers look primarily at market yields, rental returns, and a property’s possibility for strong capital growth to determine value.

The process to value commercial property can be quite complicated to do it yourself. Appraisers and real estate agents may use two or more approaches when calculating the value of commercial property including the cost approach, the income approach, the sales comparison, and capital asset pricing model.

Get a Comprehensive Appraisal Today

Get a commercial property valuation done by the local real estate experts. We have the best market knowledge to provide you with valuable information about your commercial property.

We know the local market and can provide a realistic sale value and suggest the best way to market and negotiate terms of sale of your commercial property to achieve the best possible price.

With well over 30 years’ experience in Perth’s South-eastern Corridor and having won the 2021 Commercial Sales Awards by REIWA, we have proven our ability to sell commercial property.

The Scarfone family has developed a reputation for providing great service and being the first to know local commercial property news and real understanding about what makes our neighbourhood the best commercial and industrial hubs.

We have the biggest range of commercial properties for sale in Belmont, Welshpool, Kewdale and Victoria Park and a wealth of experience selling commercial and industrial property such as warehouses, retail, office, and factory units. After a quick assessment, we can provide you with a realistic idea of your property’s potential.

The Best Outcome Guaranteed

Not sure how to go about selling your commercial property? We will negotiate the best possible outcome with the pool of commercial and industrial buyers.

In addition to negotiating the best price for you, we will guide your through the process of sale and project manage the transaction, which includes:  

  • Comprehensive advice on marketing and strategy to maximise your price
  • Arranging all promotional activities and bringing the property to market
  • Ongoing communication and buyer feedback
  • Preparation of Offer and Acceptance and related Sale documents
  • Liaison with your settlement agent and facilitate the completion of sale

We will also manage a promotional campaign on your behalf. This includes:

  • Online advertising with market leading portals, social media, and this website.
  • Regular mailouts to our extensive database
  • Offline advertising such as sign boarding
  • Photography and flyers
  • Professional Service from our award-winning sales team

Need Help Valuing a Commercial Property?

If you’ve invested in a commercial or industrial property for many years and wonder whether it is the right time to sell speak to our agents today.

We will help you to understand the value of your commercial property or portfolio of properties and guide you through the process of sale from A to Z.

We specialise in providing professional commercial property appraisals and advice for prospective owners and can help you identify factors that will lead to a successful and profitable sale.

Is There Stamp Duty When Buying a Commercial Property?

Stamp duty, or transfer duty as it is now known as in Western Australia, is a government tax that is payable on most property transactions.

When purchasing commercial or industrial property in WA, it’s important to understand what stamp duty is, what rate of duty will apply to a given transaction, and what it means for your circumstance.

What is Commercial Property?

A commercial property is simply a property which you intend to use for business purposes. Unlike residential, this is a broad category and includes everything from offices, warehouses and stores, as far as a residential dwelling that is used for commercial gain.

Industrial property is defined as a property that is used for the actual manufacturing of something, and can be considered either a factory or plant. In Western Australia, all commercial and industrial property transactions incur stamp duty tax, unless granted an exemption for unique circumstance.

What is Stamp Duty on Commercial Property?

Stamp duty is payable on most commercial property purchases when you buy land or property or have the ownership of land or property transferred to you.

In WA specifically, stamp duty is calculated on the market value of the property being purchased, rather than the purchase price. The amount you pay is calculated on a sliding scale, generally from 1% to 6% of the purchase price, although it can be higher, meaning the more expensive the asset is, the higher the transfer duty rate is that you will be required to pay.

Transfer duty extends past the commercial property and into certain business assets, but let’s start by looking at how stamp duty is defined, how it’s calculated, and any exemptions that might apply. 

Is Stamp Duty Always Payable When Buying a Commercial Property?

Whenever you purchase or acquire an interest in commercial property, you will be liable to pay stamp duty. There may also be a requirement to pay duty in other circumstances, such as if you lease a property, or even receive it through a trust or as a gift.

How Much is Stamp Duty on Commercial Property?

There are factors that should be considered when determining how much stamp duty you will need to pay. These include:

  • The ‘dutiable’ value or the price you paid or market value, whichever is higher
  • The intended use of the property
  • If you are a foreign purchaser
  • If the property is also your principal place of residence
  • Any exemptions or concessions you may be eligible for

General Rate of Stamp Duty

The general rate of transfer or stamp duty applies to commercial property, rural property that is used in isolation, and vacant land which doesn’t qualify for the residential rate. The general rate of duty is as follows:

  • <  $80,000 = $1.90 per $100 or part thereof
  • $80,001 – $100,000 = $1,520 + $2.85 per $100 or part thereof above $80,000
  • $100,001 – $250,000 = $2,090 + $3.80 per $100 or part thereof above $100,000
  • $250,001 – $500,000 = $7,790 = $4.75 per $100 or part thereof above $250,000
  • > $500,001 = $19,665 + $5.15 per $100 or part thereof above $500,000

More information on these rates is available on the WA government information and services website.

What are the Stamp Duty Exemptions for Commercial Property?

There are several circumstances where paying stamp duty may be avoided but they are typically considered as less-common circumstances.

Of the possible exemptions, spousal and family farm transactions can qualify for exemptions, however, both relate to the buying and selling parties being married or directly related. Charitable transactions can have stamp duty exemption, provided the transaction entered is or are for charitable or similar public purposes. One other reason for exemption is when the transaction involves purchasing from a state body, in this case, the State of Western Australia.

A concessional rate of duty is available for certain purchases of a business undertaking if the value of the dutiable property does not exceed $200,000. For more information on stamp duty rates and available concessions for commercial property, visit the Western Australian government information and services website, and the Duties Fact Sheets for Business Acquisitions and Residential Property.

Concessional Rate of Transfer Duty

A transaction may be assessed at the concessional rate of duty where:

  • the dutiable property is business property
  • the dutiable value of the dutiable property does not exceed $200,000 and
  • the purchaser is an eligible purchaser, being a person who is not a government body and who intends to carry on the business for an indefinite period.

The concessional rate of duty is as follows:

  • < $100,000 = $1.50 per $100 or part thereof
  • $100,001 – $200,000 = $1,500 + $4.39 per $100 or part thereof above $100,000

Calculating Stamp Duty for Commercial Property

The Western Australian government information and services website has a calculating tool which you can use to check how much stamp duty you will have to pay with commercial and industrial property purchases fall under the general rate type.

If you are purchasing more than one commercial property, the properties would be combined into one collective and for stamp duty to be calculated accurately, you will need the execution date and the total purchase price and value of the property.

As a privately owned West Australian company that specialises in the South-eastern corridor of Perth, Ross Scarfone Real Estate can assist you with all aspects of commercial and industrial sales, leasing, property management, valuations, investment, and development.

For specialist insight into the commercial real estate market, opportunities, or specific advice on indicative transfer duties, call or email Ross Scarfone Real Estate.

What is the GST on a commercial property purchase?

Purchasing a commercial property such as an office building, industrial or retail space is often more complex than buying a residential property.

The sale of each commercial property is a unique transaction and will often attract GST. Planning to factor in the GST (goods and services tax) into your budget is a wise move on your property investment journey.

In this article, we set out some of the key issues concerning GST when buying a commercial property.

What is the Goods and Services Tax (GST)?

The Australian Goods and Services Tax, commonly referred to as GST is a value-added tax of 10% on most goods and services.

GST is generally required where a seller is registered or required to be registered for GST and operating as an “enterprise”.

Do You Need to Pay GST on Commercial Property?

When purchasing a commercial property, you will be classified as an enterprise and once your turnover (as an investor or developer) is above $75,000 you are liable to pay GST, which is likely to be included in the final property price.

In rare circumstances when a property is part of a GST-free ‘supply of a going concern’ then GST does not apply. This might be applicable if the property belongs to one of the categories outlined below:

  • Business premises (assets and the operating structure of the business must be sold together with the property)
  • A fully tenanted building (all leases, agreements and covenants must be included in the sale)
  • A partially tenanted building (the vacant part of the building must either be actively marketed for lease or undergoing renovation).

GST does not apply to the sale price of residential properties that are not new but applies to the sale of newly developed residential land by developers who are registered or need to be registered for GST.

Aside from paying GST on the sale of commercial property, GST applies to most expenses associated with owning and managing an investment property (such as repairs and maintenance, management, and marketing fees) unless the acquisition of the goods or services is from an unregistered entity.

Can You Claim GST Credits on Commercial Property Purchase?

If you are a commercial buyer and registered for GST, you are most likely entitled to claim GST credits.

To be eligible for GST credits the following requirements will need to be met:

  • GST must have been paid at settlement
  • Both the buyer and vendor must be GST registered
  • The property must be used in carrying on an enterprise
  • Tax deductions must be lodged within four years
  • The property cannot be part of a GST-free ‘supply of a going concern’ or sold using the margin scheme

How Does GST Affect Buyers and Sellers of Commercial Properties?

It is commonly required that commercial property investors apply for an Australian Business Number (ABN) and register for GST with the tax office.

If it does not happen, they are likely to have to pay GST on any sale they have made since the time they were required to register.

For example, assuming a seller sold a property for $1,000,000 with no GST, but should have been registered, they will still have to pay the GST!

However, had they registered for GST prior to the sale, they would have sold the property for a GST-inclusive price of $1,100,000. You as a buyer will pay the GST upfront but then you can claim it back. The seller then pays their GST liability of $100,000 and takes home their $1,000,000 net.

If you are eligible, you may be able to use the margin scheme to work out the GST (note: if you go down this route, you will not be able to claim the GST credits).

According to Commercial Real Estate, this scheme is most often applied for land that will ultimately be used for residential purposes. Under the scheme, the 10 percent of GST payable is typically only calculated on the sales margin – that is, the sale price less the amount the property was bought for.

It is worth noting, that commercial property sellers should be clear about whether GST is included in the price when advertising the property. Also, once you have collected the GST, you should submit it to the ATO in your Business Activity Statement (BAS) or via another reporting method.

Failing to register and pay GST when applicable may also attract a penalty from the ATO.

Get Help with GST on Commercial Property in Perth

Purchasing a commercial property is a big investment decision with significant financial implications for both the seller and buyer.

Whether or not you are required to pay GST on the sale price of the property can be difficult to comprehend, but by doing your research and getting the right help, you will not miss out on claiming valuable GST credits, or neglect to pay GST when you are liable.

A good lawyer and the Australian Taxation Office (ATO) can help you understand your contract of sale and GST on commercial property purchases. It is also a good idea to look at some of the online GST calculator tools to calculate the exact amount of GST you will pay or should charge. 

For a piece of specific advice on commercial property for sale in Perth, contact Ross Scarfone Real Estate. Our agents specialise in industrial and commercial real estate in Perth’s southeast corridor including Belmont, Welshpool, Kewdale, Victoria Park and surrounding areas.

How to Save Money Leasing a Commercial Property in Perth

Are you considering leasing a commercial property in Perth? Starting up a new business or moving your existing company to a new location can be expensive.


Leasing a warehouse or industrial space requires serious consideration. Depending on the amount of space you need and the services you want to employ, there are several factors to consider before you sign on the dotted line.


Here are 6 tips to help you save money when leasing a commercial property.

Pay For Space According to How You Use it


The first step is to ensure you are paying for your warehouse space according to how you are using it. A simple determination of measurement can create an opportunity for saving money on a commercial lease. Determine how much of horizontal and vertical space will be utilised.


For example, will you be utilising a floor space only or do you need additional space to stack up your goods up to the ceiling? If so, make sure that there are no structural blockades like steel beams preventing you from arranging your products. If you have identified structural constraints do not pay for space you will not be using, talk to your landlord and save money on renting a warehouse.

Exclude Some Maintenance Costs


Maintenance costs are necessary costs for upkeep when renting a commercial property. Tenants are obliged to keep the property in good working condition but that does not mean you should pay all the costs. To save you money in the long term determine the following:

  • Who is responsible for performing and paying for fit outs and repairs?
  • Who is responsible for replacing equipment attached to the warehouse?
  • Would I be required to install signs?
  • Is the landlord willing to pay for future warehouse alterations and improvements?

The answers to these questions are important to know early because you do not want to discover you are responsible for such expenses after signing the contract. When negotiating your lease, it is recommended you include HVAC maintenance and servicing as a maintenance cost that you are responsible for any major repairs and alterations as the landlord’s responsibility. Learn more about the outgoings on commercial rental property.

Warehouse shelves

Optimise Use of Space


The importance of an efficient and safe workspace cannot be overstated. You can maximise the performance of your space utilising smart fit outs. Do not start with the racking, start with a plan for optimal flow of goods through your warehouse space. The most common fit outs to optimise your space include:

  • Walls and Partitioning
  • Lighting
  • Mezzanine Floors
  • Floor Coverings
  • Line marking
  • Shelving and Storage
  • Pallet Storage Solutions
  • Warehouse Equipment

Is your warehouse perfectly optimised already? Consider subleasing part of your property to a third party. This can be a good idea if you have more space, as it allows extra cash flow to help with the rent.

We’ve also put together a list of easy to understand tips that will help you be better informed when looking at Perth warehouses to lease and put you in a better position to negotiate the price of your rent.

Research Surrounding Properties


In an ideal world, your first lead is the right fit for your commercial space requirements. However, this is rarely the case. Review all surrounding similar properties and be aware of what they are charging per usable space. This will help you negotiate the rates for your space accordingly and give you an idea of how much room you have to haggle.


You could also introduce yourself to the commercial agents in the area and have them alert you to new properties on the market. If you can bid before anyone else, you might be able to get the price you want.

Review Your Contract Carefully

A commercial lease contract is a legally binding agreement. It is a technical document that can be difficult to understand.

Before you sign a contract, learn how to negotiate a commercial lease to get what you want and know what you’re committing to.

Your commercial lease agreement will contain a process for changing the rent, usually every year. Rent reviews are standard practice for commercial leases and could be an opportunity to save you money too. For example, you may choose to commit to a longer lease agreement and therefore be able to negotiate a lower rent.

Consult a Commercial Property Expert

If you’re still not sure how to save money on renting a commercial property, speak to the local commercial real estate experts at Ross Scarfone Real Estate. We specialise in commercial and industrial buildings for lease in Perth’s south-east corridor of Belmont, Welshpool, Kewdale and surrounds. You can view our entire list of properties to lease and request a tour of the available commercial rental properties in the area.

Contact us for your commercial real estate needs

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Find Your Perfect Commercial Real Estate Agent

When it comes to choosing a commercial real estate agent, it’s important to find one who will be able to help you reach your goals, whether that includes selling, leasing, buying, investing, or developing.

Navigating these complexities can be overwhelming. Although, it doesn’t have to be if you find the right agent to support you. The right agent should understand your business needs, their local area, and be highly experienced and well-connected. They should have an exceptional portfolio of clients and properties.

Your agent should also ensure they develop a positive relationship with you, as you should have a good customer experience throughout your property journey.


They Should Know Their Local Area

When choosing a commercial real estate agent in Perth, it’s important to find an expert in your location of interest.

In terms of industrial real estate, there are four main quadrants within Perth:

  • South East Perth – includes Belmont, Canning Vale, Forrestdale, Kewdale, Maddington & Welshpool.
  • North West Perth – includes Balcatta, Joondalup, Landsdale, Wangara & Yanchep.
  • North East Perth – includes Bassendean, Bayswater, Bellevue, Malaga, Midvale, Morley & Osborne Park.
  • South West Perth – includes Bibra Lake, Cockburn Central, Jandakot, Naval Base, O’Connor, Port Kennedy & Rockingham.

If you want to rent or purchase a commercial property, it’s important to choose an area that has the infrastructure, arterial roads, and zoning that best suits your business’ needs. From there, you should find a real estate agent who is an expert in your desired location.

Within the South East Perth quadrant, Ross Scarfone Real Estate are experts in the commercial and industrial real estate sector. They have over 30 years of proven experience.


Find an Agent Who Understands Your Business

A good commercial real estate agent should have a niche that they really understand. When you are meeting with a potential agent, you need to find out whether they are a good fit to work with your business. You need to know that they really understand your requirements.

This means that if you are looking to rent, the commercial leasing agent should recognise your customer profile, and understand your day-to-day operations, turnover estimates, and the equipment and human resources that your business requires. They should also try to gain insight into what your future business plans are, so they are aware of how they might affect your requirements in terms of space, facilities, or the length and terms of the contract.

Your commercial real estate agent should be able to guide you to consider all necessary details about a new office, storage or warehouse space before you even really start looking, let alone commit.

In understanding your business, they should be able to scout for suitable properties within a specific location and present them to you, reducing your stress and giving you more time to focus on your business.

If you are looking to buy, sell or to lease your property, the real estate agent should also understand your business and financial needs.


Choose an Experienced Commercial Real Estate Agent

An experienced commercial real estate agent is essential when it comes to finding the perfect property with the right contract in place.

They should have a transparent portfolio of properties and clients that align with your business requirements. You need to ensure they have successfully looked after similar clients in the past, that have been of a similar size, complexity, and type to yours. While you are researching this, ensure they have a good reputation and that their previous clients would recommend them.

Your agent should also have an in-depth understanding of selling, renting, leasing, or buying a property from start to finish, so they can advise you on that process. This means they will be able to walk you through the documents and other information you will need to have.


A Well-Connected Real Estate Agent Is the Key to Your Success

Your commercial real estate agent should not only understand your business, have proven experience, and be an expert in property in your local area — they should also be well-connected.

This means they should have both local market awareness, and the ability to assist you if you need to relocate or expand in a different area. For example, if you are looking to do business interstate or overseas, they should be able to utilise their connections to ensure you have a smooth transition.

They should also have contacts to key personnel across the property sector, including financial institutions, solicitors, and surveyors. By utilising these connections, they should be able to guide you through every step of the leasing process by referring you on as necessary.

Ensure Your Commercial Real Estate Agent Communicates Well

Your commercial real estate agent should be available to you via phone, mobile and email, both inside and outside office hours (within reason). They should be able to communicate openly and honestly about all matters regarding your business premises and get all key information across to you succinctly.

It’s important you are able to understand what the agent is trying to communicate, so misunderstandings don’t arise —you need to know exactly what is in the contract and what you are getting as part of the deal.

If you need a commercial and industrial real estate agent or property manager in Perth, Ross Scarfone Real Estate has extensive experience and knowledge of the property market in the South East Perth region. They have been helping businesses thrive for over 30 years by leasing commercial real estate, including small offices, storage yards, and industrial warehouses, in an ethical and professional manner.

Ross Scarfone Real Estate - Commercial Property Agent Perth

Contact us for your commercial real estate needs

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