Making The Grade Understanding Commercial Property Ratings

If you’re looking to start up a business in Sydney CBD, one of the greatest challenges is finding suitable office space. Unlike looking for a flat or home, your commercial real estate is critical to your business – location and appearances are everything; but how do you balance the best expensive costs of prime commercial with your operations budget?

Australia has a commercial property rating system that helps businesses determine which type of property is best suited for their needs. From the most expensive Grade A Sydney CBD locale, to Grade D bare bones facilities, find out what grades of commercial property are out there and what it all means for your business.

Which Grade of Commercial Property is best suited to your business needs?

Grade A: Grade A properties are prime locations in highly sought-after addresses. The properties will be in the heart of the financial or business districts and be relatively new or recently refurbished, with state-of-the-art fixtures and fittings. Rents in Grade A offices will naturally tend to be higher, catering to the executive classes of Fortune 500 companies. Traditionally, Grade A property tends to be leased or bought by banks, brokerage houses and high-profile law firms. Meanwhile, with the latest boom in the demand for sustainable and ecologically advanced premises, many of the newest “green” buildings tend to fall within the A Grade. Cities like Sydney always growing and Grade A property is now available in many outside of the immediate CBD to business districts in the City Fringe, including Surry Hills and Pyrmont.

Grade B: As Grade A property tends to be scarce and relatively pricey, the majority of businesses, especially newer ventures, will opt for Grade B office space. Grade B buildings will be less expensive but include all your standard amenities to make a good impression. Grade B offices tend to be a little bit away from the prime markets, but they could be on a main strip in a smaller city fringe suburb. Smaller law firms, independent investment consultants or doctors’ offices make great use of Grade B buildings. Many cities have Grade B office building clusters near airports or other transportation hubs, but away from the central “downtown” areas and business districts.

Grade C: Grade C properties are inexpensive, functional buildings. Furniture and fittings tend to be older and buildings are maintained to a lower standard than higher grade buildings. Grade C offices are best suited to call centres, small firms and start-ups and will tend to be older and located farther out of the central business districts. Don’t look for pretty lobbies or plush carpeting in Grade C buildings; these are about function over form.

Grade D: Grade D office space is the least expensive commercial property grade – and for good reason. Office space in Grade D buildings tends to cramped, furnishings and fixtures are relatively shabby. Most of the space in the facilities will be used for storage or manufacturing. Grade D buildings are well outside the standard business areas, often located in industrial parks. Grade D properties are suited for manufacturing or distribution companies that require large warehouse industrial real estate in Sydney or storage space as adjuncts to office space.

Meanwhile, some central CBD areas have gone beyond the traditional grading system. Some of the most exclusive property is now considered “Premium” property above Grade A. Look for these at prime locations with “Harbour Views” and exceptional quality.

Keep in mind that when you pick your commercial real estate, it’s more than just the grade that matters. Consider for example whether you need a store front. You can often go a grade up in your choices by downsizing your space requirements or looking outside the CBD to outer suburbs, such as the City Fringe.

Advantages Of Renting An Apartment

Less Hassle

Anyone who has ever rented or owned a house knows it can be a hassle to get your landlord to see to repairs and maintenanceand theres a lot of them on a house! An apartment is generally a lot lower maintenance than a house, and better yetif youre renting, none of those repairs are your problem!! In addition to this, most apartments are part of a strata/body corporate, which means that repairs and maintenance are generally accounted for in a pre-agreed budget, so getting your landlord to cough up and fix things isnt such a bug-bear!
2. Closer to the City

Due to space limitations, the most common form of housing close to the city is in the form of apartments. If youre renting short term or making a more permanent decision, youre probably going to want to choose somewhere thats close to your job and all the advantages the city has to offer! Apartments can be located above shops, in office skyscrapers or even right in the heart of the CBD. If youre looking for somewhere thats central to the hustle and bustle of the city, then renting an apartment is the way to go!
3. Community Living

If youre single, live alone or are new to a city, meeting new people should probably be high on your list of priorities. Apartment living offers the opportunity to socialise with neighbours, have the security of other people in close proximity and allows you to feel part of a community bound by common interests. Many apartment blocks have like-minded people living there, and the comfort of knowing there is always someone close by should you need something is an important factor to some people, especially older people who may feel safer this way.

Many people assume that renting an apartment is something that young people do in order to save money, but the fact is that apartment living is beneficial at any stage, and renting is so much more flexible, especially if youre deciding when/if to buy. Another factor is proximityif you dont want to move far out of your area there will usually be a larger number of apartments to choose fromwhich means staying in familiar territory and saving money on the removal service!

Top 5 Benefits Of Renting Serviced Apartment Instead Of Hotel Room In Sydney

Sydney has long been recognised as a city for tourists and travellers with its fine selection of accommodation and visitor attractions. This gives a fantastic choice from hotel rooms to serviced apartment Sydney. With so many apartment buildings in the CBD and surrounding areas and with so many features, nights in a cramped hotel room are a thing of the past.

Room to move
When selecting accommodation in Sydney, forget the bed against the wall and little room to move around the bed of the older style hotel room. The spacious living areas and bedrooms of serviced apartments give a sense of freedom and will add to your holiday experience. Those that include a terraced balcony take the space from the inside and give an extra area to enjoy morning coffee or views of the city at night.

Home away from home
Staying in an apartment building will feel like your home away from home. The units come with a fully equipped kitchen and laundry. Having the bedroom separate to the living area makes apartments the comfortable choice. Some of the more popular apartment buildings make allowance for televisions in bedrooms as well as the living area giving everyone a choice in program selection.

Self contained apartments – cooking facilities
Self contained apartments with fully equipped kitchens give an alternative to the constant drain on resources by dining out for every meal. Imagine returning from a day’s sightseeing and preparing a romantic dinner for two in a modern kitchen. Or doing the washing just steps away from your bedroom without having to lug baskets of dirty clothes throughout the building.

More than one bedroom – apartment accommodation Sydney
Apartment accommodation Sydney whether in or near the CBD have more than one bedroom making this ideal for families and group bookings. Hotel rooms can be made to feel small with more than one bed in each room and the lack of privacy if travelling with people other than family members could leave you wishing you had stayed at home.

In house amenities – gym, pool
Fitness centres with gym equipment, lap pools and spas are almost standard features of apartment buildings leaving the hotel blocks way behind. Extend or maintain your fitness regime even while you are away by taking full advantage of the facilities available.

Most reception desks will be available 24 hours a day giving an added feeling of security and peace of mind for any forgotten items or information about the city and events.

Apartment buildings are a much more flexible form of accommodation. Hotels have such a set layout and there is little variation from one hotel chain or group to the next. With more space, separate sleeping and living areas and the self contained kitchen, serviced apartments are ideal for making yourself at home while on holidays or business trips.