Effective asset management is increasingly important for investors in the sphere of commercial property investment. Investors looking for a good return, especially in areas of the country where property values are relatively flat, understand the true value of good asset management.

If done well, property asset management can be the difference between making a profit and making a loss. Taking an innovative approach to asset management is increasingly important, as it is in other areas of commercial property strategy. Your assets should always be working hard for you, not against you, and there are various ways to make this happen.

Developing commercial property, like developing residential property, is all about the preparation. As any good painter and decorator will tell you, it’s 90% preparation to 10% finish. To achieve good end results, you have to do all the tough, gritty preparation work first. Try to rush it and you’ll be left with a poor end product - like a partially sanded wall covered in cheap paint, where you can see all the lumps and bumps.

Perhaps the most important part of preparation work you can do with any development is a feasibility study, or perhaps that should be the plural, ‘studies’, as the chances are you may need to do more than one of them.

Are you or your business unsure about moving office? Do you sense it might be time for a change but you’re looking for a definite sign that things are right for a move? Then here are five ways to help you realise that it’s time for some new commercial accommodation.

Staff expansion

At ACORPP, sustainability is one of the most important parts of what we do. It’s central to our own strategy as a company, which is why we were the first company outside of the Perth CBD to sign up to the CitySwitch program. This initiative was set up to help commercial tenants improve their sustainable credentials and achieve a higher NABERS rating.

However, from our experience, we also know that wanting to work more sustainably and actually making it happen are not always the same thing. It can be difficult to know where to start, which is why we have decided to produce this little guide to improving sustainability in your office or commercial space.

It’s ironic that the only thing that remains constant in the workplace is change. Business is in constant fluid motion following trends, responding to the fluctuations of the market place and global economy. Within a company itself, staff change, contracts come and go, and yet the company continues to exist and operate as normal.

In much the same way that it’s said around 80% of the cells in your body are replaced on an annual basis and yet you remain an individual, a company can absorb change, respond to it, react and even thrive. But the reverse is also true. Failure to adapt to change in the markets, workplace strategy and more, can leave a company in a terminally bad condition.