As the Director of NB Property Consulting, Nathan Blue specialises in tenant representation having advised a range of companies from small businesses through to large multinational corporations. The group are focused on strategic and solution focused outcomes and are strong negotiators.
Nathan recently concluded a transaction with Anthony Harris of Ray White Commercial by placing O’Brien Palmer accountants at 66 Clarence Street in approx 423m2 on level 9.
We sat down with Nathan to find out more about what makes NB Property Consulting unique operators in the space.
How many years have you been in the industry?
15 years
How did you get started in property?
I started in real estate at 17 years of age, working as a ‘sale creator’, searching for people who were thinking of selling their homes. From there I got into property management. I took 18 months off to live and travel in Europe and when I returned I started with a small advisory firm who advised corporate tenants on their leases and premises.
What is your current role?
I’m the Director of NB Property Consulting.
Who are your clients?
Mainly Australian local businesses but I have advised a wide range of clients during my career including non-for profit and multi-national corporations. I advise my clients on a national basis.
What is your point of difference?
I’m Independent – I don’t have any affiliations with landlords, developers or agents. Clients deal with me as a Director and an experienced operator – they don’t have to deal with junior or less experienced staff members. I have strong knowledge of the physical aspects within premises and can advise on construction methods and process, where a lot of advisers have little or no experience. I also advise clients on a national basis so they have one point of contact for all their offices across Australia.
What does a typical day look like for you?
I check my emails and social media including LinkedIn in the morning, then plan my day. My day varies depending if I have a lot of inspections or paper-based advisory work to get through.
Last major transaction?
My largest transaction in the last few years was for a multinational
US corporation. They leased approximately 10,000 square metres of space in an A-grade asset.
Local market trends?
Landlords have experienced significant increase in effective rentals in and around the financial core in late 2016 and the start 2017. This was mainly due to acquisitions by the New South Wales State Government for the light rail, as well as other buildings being withdrawn for redevelopment. Most of those tenants have now relocated and things will come back to normal. There’s still some further displacement to occur which I don’t expect will cause heartache for tenants. The next round of development due for completion in 2020 will add significant supply to the market and conditions will further improve for tenants.
Fave local haunt?
Some might say I like a tipple at the CBD Hotel but since completing Dry July a while back, I’m trying to stay out of such establishments.
Read full magazine here: https://view.joomag.com/sydney-office-update-sydney-office-update-november-edition/0186888001509947657?short
Ray White’s top 10 creative offices for lease right now: (Click on address to view listing)
3 / 441 Kent Street Sydney
1 / 66 King Street, Sydney
12 / 25 Bligh Street, Sydney
39 / 161 Castlereagh Street, Sydney
9 Barrack Street, Sydney
61 York Street, Sydney
40 King Street, Sydney
1 Barrack Street, Sydney
48 Hunter Street, Sydney
81 York Street, Sydney