Lease Expiry Diary is unique in the market, providing highly sought after lease information for commercial tenants – specifically the expiry date of their leases.
The Lease Expiry tool allows subscribers to contact tenants at the time when they are making decisions about renewing their lease or relocating – both of which represent revenue generating opportunities. Available for the NSW and Qld Cityscope markets, Lease Expiry Diary is used primarily by agents, but also service providers such as fit out companies, removalists and architects.
4 ways Lease Expiry Diary helps your business
Identify potential tenants – Target preferred tenants at the time when a decision about their leasing future is being made.
Understand commercial leasing details – Understand tenant details, how long leases are scheduled for, and when key properties – and tenancies – will be coming onto the market.
Target new business – Learn when tenants will be moving so you can target them for new services (office removals, office fitouts etc). Get great insights into the types and sizes of businesses that are operating in your CBD so you can target offers and deals to them.
Power your own data - Export a wide range of data to use in your own CRM databases.
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Lease Expiry Diary combines extensive data in an easy to use format:
Search tools including the ability to identify properties in a specific city region
Search leases expiring within a specified date range or by feature types (ie: floorspace)
Lease Expiry Diary is a web-based service. Access is sold by geographic regions (Lease Expiry Diary areas). There are 14 Lease Expiry Diary areas across NSW and QLD. The base price is for the first online user license, and additional licenses can be purchased at reduced rates. A subscriber can have an unlimited number of user accounts, with licenses allocated between these user accounts. Lease Expiry Diary is a stand-alone product – subscribers do not need to subscribe to the Cityscope product for the same market before being able to subscribe to Lease Expiry Diary for that same market.
Lease Expiry Diary data is sourced and collated from a wide variety of sources including government registers, directories, websites, press reports. Sources are augmented by a team of field researchers who physically go into each and every building within the LED area and match sourced information to physical tenancies.
Lease Expiry Diary includes leases registered on title – which only occurs in QLD and NSW. Even within those states, not all leases are registered on title as there is no legal requirement for registration. However as lease registration is in the interests of both the lessee and lessor, especially with longer term and larger leases, you will find a very high percentage of tenants have registered leases and therefore are included in the Lease Expiry Diary.
Typically no. There are two reasons. The primary reason is that leases of strata units are typically not registered on title. The second (related) reason is that searching titles for strata is cost prohinitive and would make the product for more expensive to produce and therefore far more expensive to subscribe to. The number of new leases obtained from these efforts would not make it worth while.
The Lease Expiry Diary platform provides for data elements such as area (SQM) and rental information. In the platform these are flagged with an asterisk which indicates they are only available for “extended” Lease Expiry Diary areas. The fact is we only have a heavy concentration of Area and Rental data in the Sydney CBD Lease Expiry Diary product. Other Lease Expiry Diary markets will include this data for some records, but not in heavy concentrations. Why? Area an Rental data is not available through our primary data sources. For the Sydney market we do extra research (at extra cost) that provides this data. We simply don’t do this extra research for the other Lease Expiry Diary markets outside of Sydney.
Cityscope provides comprehensive information about the buildings that Lease Expiry Diary tenants occupy space in – including detailed building descriptions, development proposals, sales histories and ownership. Want to target Lease Expiries in buildings that meet specific criteria? Cityscope will enable you to do just that and provide the opportunity for an even more targeted focus.
Data about commercial properties across Australia is also included within the RP Data Professional database as a separate subscription. Comprehensive commercial sales transaction data is also available through PIM (Property Information Monitor).
“Lease Expiry Diary helps my team to identify and contact tenants whose leases are nearing expiry and are in the early stages of the decision-making process. It is the only tool of its kind in the market for the commercial industry and we couldn’t do without it.”
At CoreLogic, we are passionate about property data and how we collect it from more than 600+ industry, public and government sources which is more than any other provider.
With coverage of 98% of the Australian property market and more than 500 million decision points in our database, we’re absolutely passionate about data accuracy which allows us to deliver on our promise of the most reliable and powerful property insights and analytics.
We also protect privacy with our strict Trust Through Transparency policy.
CoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 4.4 billion decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information.
With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au.