Magazine article New Zealand Management

Setting the Stage for Character Space: Companies Wanting to Lease a Piece of History or a Different "Character" Building in Auckland Can Use a New Website to Source Premises

Magazine article New Zealand Management

Setting the Stage for Character Space: Companies Wanting to Lease a Piece of History or a Different "Character" Building in Auckland Can Use a New Website to Source Premises

Article excerpt

Colliers International has set up www.characterspace.co.nz aimed specifically at leasing and selling character buildings from 100[m.sup.2] to more than 1000[m.sup.2].

Inquiries from prospective tenants for leases in character buildings have tripled in the past three years, says Rob Bird commercial leasing manager. Because of this increased demand, character office space is leasing or selling quite quickly.

The website is a quick and easy-to-use guide to what is available in the market. Landlords/building owners buy a page within the site and subscribe monthly to advertise their leasing/sales information accompanied by several photos. The pages are updated regularly.

The website allows viewers to look by size or location, or both. Location search options are: All Auckland, CBD or the western, eastern, southern and northern areas of Auckland.

Insurance company Thomas Pasley & Associates recently leased 220[m.sup.2] on level one at 5-7 High Street, one of the featured buildings on the website.

Recently added to the website is a small building at 4 Kingston Street that recently had a $1 million upgrade. Levels two and three of 197[m.sup.2] each are for lease. Level two is open-plan and level three a combination of office and open-plan areas.

The perception of character buildings is changing and they are now viewed as "a building that in some aesthetic way sets itself apart from its architectural fellow".

And they are not restricted to age; the definition of a character building includes recent developments, such as Chancery off High Street in Auckland's CBD.

Leasing broker Julia Hay say office culture has become "more relaxed" and companies that would not have contemplated character office space in the past are now in the market. "And because it is different to mainstream office space, that can sometimes be architecturally bland, the needs and demands of tenants are often different."

Satisfying tenant needs in buildings that have "distinctive architecture" can mean seeking innovative ways of installing data cabling, air-conditioning and other modern systems.

The website also has helpful basic advice for tenants from Chris van Ryn of Freestyle Design--including the fact that the Historic Places Trust and Heritage Protection are keen to work with property owners to preserve the integrity of buildings while incorporating the aesthetics of a modern interior.

Early investigation of a property with the help of brokers or consultants can reveal hidden costs and pre-empt problems.

FOR LEASE

CBD

Naming rights available for a full floor tenant

Poised at the very doorstep to Britomart. …

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