Uncategorized
WHAT YOU NEED TO CONSIDER BEFORE INVESTING IN OFFICE PROPERTY
WHAT YOU NEED TO CONSIDER BEFORE INVESTING IN OFFICE PROPERTY
By Dennis Isong
Office property investment is not just an investment you can barge into without putting some factors into consideration. Things have been changing rapidly which has created a different dynamic of how things work.
Few years back, it was easy to get away with mistakes made from investment. But, in this new age, mistakes made in investment would hit and eat you hard for a very long time.
Office properties are always assumed to be a very good investment for a newbie in property investment because it has the same features and benefits real estate brings. However, it doesn’t work out like that.
While investing in office properties, you need to be careful and be on the lookout. Good as it may seem, office properties project a great turnover but then, it cannot be valid unless some steps have been taken.
1.Consult an experienced property investment company with a track record of excellence.
As an investor, you don’t want to put your money in an investment that would yield little or nothing. No matter how vast you think your knowledge is concerning property investment, you’d do yourself a great favor by still seeking the advice of a property investment company before investing on office property.
Besides this, you need to do feasibility studies on the returns on such property and see if it’s worth putting your money on. Seeking advice from an investment company helps you have a better knowledge of the local market, the kind of business people are tuned to, if your office property fit in to the taste of the people and so on.
- Consider the local market.
There are different classes of property type and it would be in your best interest to put the local market into consideration. You can’t build an industrial-grade office property type with all amenities built for users who can afford to pay a premium price in suburbs or places where the tenants always seek lower price.
Many investors have made this mistake and I will cite an example. Mr. and Mrs. Popoola thought building an office with their retirement benefits is a great decision.
Well, it is but not a good one for people who lack the knowledge in office property investment. The first mistake they made was building in a community where office spaces were not that appreciated and needed.
And they tried to elevate it by putting in modern facilities, but didn’t work out. The couple felt the upgrade with a touch of class would attract people. Normally, it should but it didn’t in this case. By the time the building was ready to be let out, they encountered difficulty in getting people who might be interested.
Even, people who showed interest decided to put a ridiculous price tag on it. It took them over a year of maintaining their rent price and waiting for occupants who can afford it before it dawned on them that it may never happen and hoping for occupants who would place value on it is like chasing pavement.
Eventually, they succumbed to the price people are willing to pay just to keep the place occupied and have something(cash) coming in. An investment that yields little is a bad investment.
Normally, it takes a while to recoup what you have invested in a property despite the huge returns, how much more a property that has to be more or less, “dashed out” in order to be maintained.
3.Put co-working spaces into consideration.
Recently, co-working spaces are in high demand now for entrepreneurs and self-employed experts for rent. And with the present economy, it’s a great idea because it has proved to be prudent, economical and affordable.
People easily jump on this and it’s advisable to leverage on it as an office investor. One main advantage you should expect is high tenants’ turnover rates.
In a place like Lagos, there are offices which have modern facilities needed for co-working spaces. Some of these offices can accommodate 4 to 5 people at a go and this works well for entrepreneurs who need physical space.
One good thing is that they do not have to go with the traditional model of rental payment which is mostly annually. The mode of payment is monthly, so anyone can decide which of the months he/she will be available without the fear of tying down money (rent fee) unnecessarily.
Asides from this, you should lookout for competent occupants that pay rent come rain come sunshine.
- Be careful with the structure you buy.
When buying an office property, make sure that it’s a solid infrastructure. Avoid properties that would dig into your profits because you have to permanently repair them due to their poor condition. This may turn off future buyers and lenders. And also, stick with designs that won’t gulp your money or require endless maintenance such as using a lot of wood and stucco.
Finally, and most importantly, a good location works out well for office property and while looking out for location, do well in studying the type of lenders and price tag. Also, your building should be in great condition because this is one major factor that would determine the category of lenders.
Dennis Isong helps individuals invest right in Real estate. For questions on this article or enquiring about Real estate. Email: [email protected] or Whatsapp/Call +2348164741041
FOPCHEN Calls for Dialogue as Court Fixes May 28 for Continuation
OTA, OGUN STATE — Proceedings in a widely followed legal case resumed on March 24, 2026, at the High Court of Ogun State, Ota Division, ending with a fresh adjournment as the court fixed May 28, 2026, for continuation.
During the session, legal representatives for all parties restated their positions and addressed preliminary matters, laying the groundwork for more substantive arguments at the next hearing. Observers noted that the case continues to attract significant public attention due to its perceived implications for law, culture, and societal values.
The Foundation for the Protection of Cultural Heritage in Nigeria (FOPCHEN) used the occasion to reiterate its call for constructive national dialogue. The group emphasized that while the judicial process must be respected, broader societal engagement remains essential.
According to the organization, issues relating to values, responsibility, and cultural identity should not be confined solely to courtroom deliberations but should involve active participation from various sectors of society.
Legal analysts present at the proceedings described the matter as one with far-reaching implications, noting that arguments advanced in court could shape future interpretations surrounding sensitive cultural and moral questions.
The presiding judge subsequently adjourned the case to May 28, granting all parties time to refine their submissions and respond to issues raised during the hearing.
As anticipation builds ahead of the next court date, Nigerians across different sectors continue to monitor developments closely, keen to see how the judiciary navigates the delicate balance between constitutional rights and cultural expectations.
Uncategorized
CRG: Politicians Must Stop Witch-Hunting, Focus on Nation Building — Says NYSC Cleared Deputy Speaker Since 2023
CRG: Politicians Must Stop Witch-Hunting, Focus on Nation Building — Says NYSC Cleared Deputy Speaker Since 2023
By: Boye Ola
The Centre for Responsible Governance (CRG) has called on political actors and interest groups to desist from what it described as needless witch-hunting of the Deputy Speaker of the House of Representatives, Benjamin Okezie Kalu, following renewed controversies surrounding his National Youth Service Corps records.
The organisation noted that the clarification by the National Youth Service Corps (NYSC) regarding the matter is not a recent development, as a formal verification letter had already been issued as far back as May 23, 2023.
The letter, referenced NYSC/CCD/VER/10/5.1/VOL1/02, had already addressed and cleared the questions surrounding the Deputy Speaker’s NYSC records.
Reacting to the renewed debate, the spokesman of the Centre,
Obande George, said it was troubling that issues which had already been clarified by a competent national institution were being resurrected for political purposes.
According to him, the time has come for political actors to move away from destructive engagements and concentrate on building the nation.
“It is important to note that the NYSC had already issued a verification letter dated May 23, 2023 addressing the matter.
Reopening issues that have already been clarified by a competent authority suggests that some individuals are more interested in political witch-hunting than in national progress,” George said.
The CRG stressed that democracy thrives when institutions are respected and their determinations are accepted in good faith rather than constantly questioned for political advantage.
George also commended the Deputy Speaker for demonstrating maturity and composure throughout the controversy, despite what he described as sustained provocations.
“Honourable Benjamin Kalu has shown remarkable calm and maturity in the face of intense public scrutiny and political provocation.
Instead of engaging in unnecessary public confrontation, he allowed institutions to speak through their records.”
The Centre warned that Nigeria’s political culture must evolve beyond constant character attacks and sensational allegations, which often distract public officials from their responsibilities.
According to the organisation, the country’s development requires constructive engagement among political actors rather than continuous attempts to discredit opponents.
“Nigeria cannot move forward if political energy is constantly spent on digging up allegations and amplifying rumours. Our leaders and political actors must redirect their focus to governance, policy and nation building.”
CRG therefore urged Nigerians to rely on verified information from credible institutions and avoid spreading speculative claims that could damage reputations or destabilise public discourse.
The organisation reiterated that respect for due process and institutional integrity remains essential for strengthening Nigeria’s democracy.
@The Centre for Responsible Governance, Email: [email protected], Instagram: crgngo6, Twitter: crgng06, Threads: crgngo6
Uncategorized
IWD 2026: Ajadi Celebrates Women, Urges Them To Seek More Elective Positions In Future Elections
IWD 2026: Ajadi Celebrates Women, Urges Them To Seek More Elective Positions In Future Elections
A Leading People’s Democratic Party, (PDP) Governorship Aspirant in Oyo State, Ambassador Olufemi Ajadi Oguntoyinbo has felicitates with women in the country on the occasion of this year’s International Women’s Day.
The international Women’s Day is celebrated on 8 March, commemorating women’s fight for equality and liberation along with the women right’s movement. It gives focus to issues such as gender equality and reproductive rights. International Women’s Day originated from labour movements in Europe and North America during the early 20th century.
In a statement issued on Sunday to commemorate this year’s edition of the International Women’s Day, Ajadi said the role of the women in nation building cannot be over emphasised.
He recalled the role played by prominent Nigerian women like Mrs Funmilayo Ransome- Kuti, Margaret Ekpo and Wuraola Esan towards the liberalization and the growth of the country and urges women to follow their footsteps by not only participate in the political process but seek more elective positions.
He urges the political leaders to encourage and give more chances to women for them to contest and occupy elective positions in the country.
Ajadi also called for more respect for women, saying they are definitely behind whatever success recorded by the menfolk.
He said domestic violence against women should be stopped, saying they deserves respect for their role in moulding the future leaders.
According to the statement, “I celebrate and congratulate our women on this year’s occasion of International Women’s Day. We cannot underestimate the role played by our women both at home, in the social circle and in politics. They deserve more respect.
“I equally called on them not only to be a passive participants in politics but to determine to seek more elected positions in future elections. They should aspire more from the position of dancing and singing at campaigns to seek more elective positions. The ratio of men to women in elective positions in the country is embarrassing. Women should stand up and fight for more elective positions.
“I also use the occasion of this year’s Women’s Day to appeal to Nigerians to stop domestic violence against the women. If we treat our women well, our country will witness unprecedented developments”.
-
society7 months agoReligion: Africa’s Oldest Weapon of Enslavement and the Forgotten Truth
-
news4 months agoWHO REALLY OWNS MONIEPOINT? The $290 Million Deal That Sold Nigeria’s Top Fintech to Foreign Interests
-
society6 months ago“You Are Never Without Help” – Pastor Gebhardt Berndt Inspires Hope Through Empower Church (Video)
-
celebrity radar - gossips2 months agoDr. Chris Okafor Returns with Power and Fire of the Spirit -Mounts Grace Nation Altar with Fresh Anointing and Restoration Grace on February 1, 2026