Need for thorough long-term planning

Ray White Commercial Toowoomba is expressing the importance of having a plan of action for a business, with current conditions putting strain on commercial real estate.

Even with the Federal Government announcing a number of measure to encourage tenants, landlords and banks to work together to see through this period, Ray White Commercial Toowoomba Sales and Leasing Agent, Peter Marks, said sales tenancies and the like in the CBD has taken a huge hit.   

“The Toowoomba CBD is worse off this week than it was two weeks ago, the effect of what is happening due to COVID-19 has certainly curtailed the activity for commercial real estate in the CBD,” said Mr Marks.

 Mr Marks said the pandemic has put a spotlight on the vital importance for having a plan of action.

“The first few months of this year we had tragic bushfires, pandemic, the budget surplus disappearing, and the RBA’s plans being hindered.”

“In my previous career as a Financial Planner, my goal wasn’t to assist people to plan for one or two years, it was for ten, twenty or thirty years and now decisions need to be made regardless of whether you are leasing, selling or purchasing.”

“We must think of the big picture and remember that the population growth and our relatively strong economy will ensure today’s portfolios will keep increasing in value over the long term.”

“There is a great need to maximise the value of our assets, whether it be for leasing or selling and an important part of my role as an Agent is to add value in relation to Occupancy, Capacity, Location and Condition,” said Mr Marks.

Ray White Commercial Toowoomba are long term members of Toowoomba and Surat Basin Enterprise (TSBE) and have been working with them to help promote opportunities for commercial real estate in the region.

Lance MacManus, TSBE General Manager of Energy and Infrastructure said, “this long term, big picture view is exactly what the region needs right now.”

“Working with Ray White Commercial Toowoomba we are still finding opportunities for investment and those with  that long term vision will be best positioned to prosper at the end of this pandemic.”

“Toowoomba’s diversity of our economy and the contribution of the industries from our major pillars including the agricultural sector boost from recent rains will help the burden the blow for some of the more struggling sectors.”

“This diversity along with long term vision, our liveability, cost of living and long term jobs from major projects, such as Inland Rail, will ensure our region is a safe and confident place to invest and grow,” said Mr MacManus.