Commercial Real Estate

Commercial Real Estate

Location is one of the most critical factors to consider when it comes to commercial real estate. The importance of location cannot be overstated as it can significantly impact the success or failure of a commercial property.

The right location can attract customers, clients, and tenants, while a poor location can hinder business growth and profitability. Accessibility, visibility, demographics, and competition are all key components that make up a prime location in commercial real estate.

Accessibility is crucial for any commercial property as it determines how easily people can reach the site. A convenient location with good transportation links and ample parking spaces can draw more foot traffic and potential customers. On the other hand, a remote or hard-to-reach location may deter people from visiting the property.

Visibility is also essential in commercial real estate as it helps businesses stand out and attract attention. A property located on a busy street or in a high-traffic area is more likely to catch the eye of passersby and generate interest. Being visible to potential customers can give businesses a competitive edge over others in less prominent locations.

Demographics play a significant role in determining the suitability of a location for commercial real estate. Understanding the target market and tailoring the property's offerings to meet their needs can help businesses thrive in their chosen location. For example, opening a luxury boutique in an affluent neighborhood may yield higher profits compared to placing it in a low-income area.

Lastly, competition should also be considered when selecting a location for commercial real estate. Being situated near similar businesses can either benefit or harm a property depending on its niche and target audience. While proximity to competitors may increase foot traffic, it could also lead to oversaturation and price wars.

In conclusion, the importance of location in commercial real estate cannot be ignored. A strategic location that takes into account accessibility, visibility, demographics, and competition can greatly influence the success of a commercial property. Businesses must carefully evaluate these factors before choosing where to set up shop to ensure long-term viability and profitability.

Rental Application

The Importance of Location in Commercial Real Estate Investments —

When it comes to commercial real estate, location is a defining factor in the success of your investment. Whether you’re purchasing office spaces, retail units, or industrial properties, understanding how location impacts value and tenant demand is critical to making a profitable decision.

A prime location can significantly increase the desirability of a commercial property. Areas with high foot traffic, easy accessibility, and strong local economies are particularly attractive to tenants. For retail properties, proximity to complementary businesses or major consumer hubs can drive customer flow and tenant success, while for office spaces, access to transportation and amenities ensures appeal to professionals.

Economic trends and demographic shifts also play a vital role. Growing populations, business expansions, and infrastructure improvements can boost property values and rental yields. Conversely, areas experiencing economic decline may present higher risks, requiring careful evaluation before investing.

Investors must also consider zoning regulations and local planning developments. Certain locations may be zoned for specific uses, such as industrial or retail, which can limit the types of tenants you attract. Awareness of future developments, like new transportation hubs or residential projects, can provide insights into the long-term potential of a property.

For long-term success, working with commercial real estate experts can help you navigate these complexities. Their market knowledge and data-driven insights ensure you make informed decisions that align with your investment goals. A well-chosen location can yield consistent rental income, attract high-quality tenants, and deliver impressive returns over time.

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Howrah
HobartTasmania
Howrah is located in Hobart
Howrah
Howrah
 
Map
Coordinates 42°53′19″S 147°24′20″E / 42.88861°S 147.40556°E / -42.88861; 147.40556
Population 9,545 (2021 census)[1]
Postcode(s) 7018
Location
LGA(s) Clarence
Region Hobart
State electorate(s) Franklin
Federal division(s) Franklin
Suburbs around Howrah:
Bellerive Mornington Mount Rumney
Derwent River Howrah Rokeby
Derwent River Tranmere Rokeby
 

Howrah is a residential locality in the local government area (LGA) of Clarence in the south-east region of Tasmania. The locality is about 5 kilometres (3.1 mi) south-east of the town of Rosny Park. The 2021 Census recorded a population of 9,545 for the suburb of Howrah.[1] It is a suburb of the City of Clarence. It is east of Bellerive and north of Tranmere.

Howrah is a beachside suburb, with views across the Derwent River to Hobart City from Howrah Beach. Clarence Street runs through the centre of the suburb separating the hillside section from the beachside.

Howrah has a number of parks including Wentworth Park, which is one of the key sport (such as soccer, field hockey and touch football) and recreation areas on the Eastern Shore.

Clarence High School is generally thought to be in Howrah, due to it being located east of Wentworth Street, however it is in Bellerive. Howrah has a primary school.[2]

Shoreline Plaza is the largest shopping centre in Howrah.

History

[edit]

Howrah was named after Howrah House, a property established in the 1830s on Clarence Plains by a retired Indian Army officer who took the name from a place of the same name near Calcutta.[3]

Dora Isabel Baudinet died in 1945[4] leaving 10 acres and her assets to found the Tasmanian Sunshine Centre in Howrah in 1951. The home offered holidays to less privileged children until 1980.[5]

Howrah was gazetted as a locality in 1963.[6]

Geography

[edit]

The waters of the River Derwent form the south-western boundary.[7]

Road infrastructure

[edit]

Route B33 (South Arm Highway) runs through from north-west to east.[6][8]

References

[edit]
  1. ^ a b "2021 Census Quick Stats Howrah (Tas.)". quickstats.censusdata.abs.gov.au. Australian Bureau of Statistics. Retrieved 10 January 2023.
  2. ^ http://www.howrah.tased.edu.au Archived 20 March 2005 at the Wayback Machine Howrah Primary.
  3. ^ "City of Clarence: Suburban History". City of Clarence. Archived from the original on 14 April 2014. Retrieved 9 April 2014.
  4. ^ Rand, A., "Dora Isabel Baudinet (1883–1945)", Australian Dictionary of Biography, Canberra: National Centre of Biography, Australian National University, retrieved 7 November 2023
  5. ^ "Sunshine Association History". sunshine. Retrieved 7 November 2023.
  6. ^ a b "Placenames Tasmania – Howrah". Placenames Tasmania. Select "Search", enter "19041W", click "Search", select row, map is displayed, click "Details". Retrieved 2 April 2021.
  7. ^ "Howrah, Tasmania" (Map). Google Maps. Retrieved 2 April 2021.
  8. ^ "Tasmanian Road Route Codes" (PDF). Department of Primary Industries, Parks, Water & Environment. May 2017. Archived from the original (PDF) on 1 August 2017. Retrieved 2 April 2021.

 

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Reviews for Nest Property: Real Estate Agents & Property Management Hobart


Nest Property: Real Estate Agents & Property Management Hobart

Tina Harris

(5)

Meleah Oates is THE most amazing property manager. She has gone out of her way to help us remotely manage my mothers house. From helping us book trades, to stylists, her attention to detail has been incredible. I have never worked with a property manager as professional and genuine before. It's very refreshing:) Can't recommend her enough.

Nest Property: Real Estate Agents & Property Management Hobart

Sebastian Plazas

(5)

I recently rented an apartment with the help of Elise, and the experience was fantastic! Elise was incredibly professional, responsive, and attentive to my needs. She made the entire process smooth and stress-free. Her knowledge of the market and attention to detail ensured I found the perfect place. Elise was always available to answer my questions and provided valuable advice along the way. I highly recommend Nest to anyone looking for a new home. Thank you for your outstanding service!

Nest Property: Real Estate Agents & Property Management Hobart

Carl Kendall

(5)

Elise and the team at Nest Property did an excellent and thorough job arranging commencement of tenancy. They were available to answer my questions and provided clear instructions while working through the tenancy process. I am happy to recommend Nest to investors looking for a managing agent in southern Tasmania or to potential tenants seeking properties available for lease.

Nest Property: Real Estate Agents & Property Management Hobart

Anu Thamboo

(5)

Nest Property and Property Portfolio Manager Karly Jeffery have been absolutely amazing with managing our investment property. They have always been great with the regular business of managing our property and keeping us informed, but Karly really shone when our tenant stopped paying rent and damaged parts of the property before leaving. Karly filed police reports, kept liaising with the tenant to get some payments, took care of fixing all the damages and spent months wrestling with 2 insurance companies and got a great outcome for us in the end. Her professionalism, diligence and tenacity are a testament to the quality of Nest Property and to what a great property manager she is. We are very happy and grateful!

Nest Property: Real Estate Agents & Property Management Hobart

Daniel Sward

(5)

I have engaged Nest to manage my rental property since around 2009. Being a landlord that is living outside of Tasmania, it's very important that I have a great relationship with the company, and importantly with the property manager who looks after the house. I'm pleased to say that I have always had great relationships with staff at Nest Property. Since becoming my property manager, my current property Elise Holbrook has been fantastic to deal with. I have found her responsiveness and professionalism to be excellent and this has resulted in continued peace of mind that my property is being looked after well, and most importantly, my tenants are happy and comfortable, and their needs are met in a timely and efficient manner. I have no hesitation in recommending Elise Holbrook from Nest to manage your rental property.

Frequently Asked Questions

Yes, it is important to be aware of zoning laws, building codes, and other regulations that may affect your ability to purchase or develop commercial real estate in Howrah.