News, views and industry trends
What is commercial property management?
Effective management is the cornerstone of any high-performing commercial property. Whether you’re overseeing a retail centre, office complex or industrial facility, having a solid property management strategy in place can support profitability, tena…
Top benefits of a commercial building automation system for businesses
Managing a commercial building involves balancing efficiency, security and tenant comfort. A building automation system (BAS) streamlines this process by integrating HVAC, lighting, security and other essential systems. However, understanding buildin…
Real Estate’s AI Crossroads: Lead or Be Left Behind
Comment by Taya Lau, Strategic Account Manager for Commercial Property, MRI Software. MRI Software’s recent Tech, Data and AI Forum highlighted the transformative impact of AI, data, and client-centricity in real estate. Industry leaders convened to …
Commercial flex space vs traditional lease: What landlords need to know
Commercial landlords are adapting to evolving tenant demands, particularly as businesses seek more flexible leasing options. Traditional long-term leases provide stability, but the rise of commercial flex spaces offers agility and short-term commitme…
Lease vs licences: What’s the difference?
Understanding the differences between a lease and a licence is essential for commercial landlords. While both agreements allow another party to occupy or use a property, they have distinct legal, financial and operational implications. A lease provid…
How to account for operating leases
Accurate lease accounting is essential for commercial property managers. Operating leases impact financial reporting, cash flow management and compliance with international accounting standards. The introduction of IFRS 16 has changed how these lease…
Understanding landlord responsibilities for structural repairs in commercial leases
Managing a commercial property comes with a range of responsibilities, particularly when it comes to structural repairs. As a landlord, knowing where your obligations begin and end can help prevent disputes, protect your investment and maintain stron…
Can commercial property be used as residential?
Did you know that the UK housing market is short by 4.3 million homes, unable to meet the current buyer demand? Meanwhile, many commercial spaces remain underutilised as businesses adapt to remote work and changing economic conditions. These trends h…