{"id":15,"date":"2014-06-03T11:05:56","date_gmt":"2014-06-03T11:05:56","guid":{"rendered":"http:\/\/www.boxpodcommercialproperty.co.uk\/blog\/?p=15"},"modified":"2014-06-10T08:13:59","modified_gmt":"2014-06-10T08:13:59","slug":"small-property","status":"publish","type":"post","link":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/small-property\/","title":{"rendered":"Small is Best"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-content\/uploads\/2014\/06\/nick-marlow-21.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\" wp-image-21 alignright\" alt=\"nick-marlow-2\" src=\"http:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-content\/uploads\/2014\/06\/nick-marlow-21-273x300.jpg\" width=\"191\" height=\"210\" srcset=\"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-content\/uploads\/2014\/06\/nick-marlow-21-273x300.jpg 273w, https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-content\/uploads\/2014\/06\/nick-marlow-21.jpg 282w\" sizes=\"(max-width: 191px) 100vw, 191px\" \/><\/a><\/strong><\/p>\n<p><strong>&#8220;Keep commercial units small and flexible to encourage more tenants to sign on the bottom line\u201d. This is the message from Boxpod\u2019s MD Nick Marlow.<\/strong><\/p>\n<p>\u201cThere\u2019s a big demand for small units, anything from 500-1,000 sq ft. Another thing we are seeing more and more of is a demand for office sharing or renting space for the day. Landlords can\u2019t just sit back \u2013 it\u2019s about being flexible and adaptable now.<\/p>\n<p>\u201cWe\u2019ve been helping landlords meet market demands. Where large industrial units have been standing empty, we\u2019ve found a way to get them occupied and rent coming in. You divide them up into, say, three smaller units and before you know it, we are seeing two thirds of the building let. This way, the tenants are not taking on massive overheads, landlords are seeing monies coming in and everyone is happy.<\/p>\n<p>\u201cThe yields for rents per sq ft for smaller units can be much higher. The facts speak for themselves. Larger units in some areas generate \u00a31 per sq ft whereas smaller units in comparable areas can generate \u00a35-\u00a310 per sq ft.<\/p>\n<p>\u201cAnd similar trends are showing throughout the commercial property market. Landlords are having to think outside the box to capture the business owners, cottage industry workers and entrepreneurs who are increasingly choosing to sit and connect with customers from high street coffee houses.<\/p>\n<p>\u201cCompanies, for example Regus, have come up with the idea of Thinkpods within their property portfolio \u2013 described as \u201cprivate space in a public place with room for a laptop and a comfortable, adjustable chair\u201d. This enables people to interact with other people despite being sole traders. Ultimately, it\u2019s intended to boost productivity for the user.<\/p>\n<p>\u201cShort term lets are also proving more appealing to prospective tenants \u2013 again this helps to ease the overheads burden. \u201c<\/p>\n<p>\u201cIt\u2019s about being proactive, flexible and negotiating the best deals for landlords and tenants\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Keep commercial units small and flexible to encourage more tenants to sign on the bottom line\u201d. This is the message from Boxpod\u2019s MD Nick Marlow. \u201cThere\u2019s a big [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/posts\/15"}],"collection":[{"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=15"}],"version-history":[{"count":7,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/posts\/15\/revisions"}],"predecessor-version":[{"id":52,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/posts\/15\/revisions\/52"}],"wp:attachment":[{"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=15"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=15"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.boxpodcommercialproperty.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}