If you are not satisfied with the returns from residential property, then consider commercial property instead. Many commercial investments can be bought for the same price as residential properties and are not necessarily costing multi-millions as some people believe.
Commercial is a totally different discipline than residential so if you want to learn all about it then get in touch with us for a no obligation chat on the advantages of commercial property investment.
Commercial real estate agencies are on a roll as investment pours in to offices, shops and warehouses
August 5, 2014
This country’s commercial property market is proving lucrative for the major multinational commercial real estate agencies operating here, with two of them posting double digit revenue growth in the year to December.
Of the three multinational real estate companies that publish the accounts for their New Zealand operations, the biggest percentage gain was made by JLL (formerly Jones Lang LaSalle) which grew its revenue by 18.4% to $22.8 million, while CBRE made the biggest gain in dollar terms, growing revenue $4.9 million (16.4%) to $35 million.
Colliers retained its top spot as the largest of the trio, growing its revenue by 5.5% to $41.6 million, although that does not include the business from Colliers branches south of Auckland, which are franchised.
If revenue from the franchised businesses was included, Colliers total revenue would likely be north of $70 million.
Other substantial players in the commercial property market such as Bayleys, Barfoot & Thompson and NAI Harcourts do not publish their accounts because they are locally owned companies.
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