Christmas can be a time to reconnect with family and friends.
I’m all for nostalgia, but let’s not forget our friends in retail this year.
I present to you my interpretation of a commercial real estate Christmas.
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Navigating the differences between Vrbo and Airbnb can be confusing for both guests and owners.
Often owners will list their property on both sites and if the two platforms are not analyzed, guests can unknowingly pay more for a property on one site compared to the other.
Conversely, owners will realize less net proceeds from their bookings unless they know the numbers and structure their listings to account for those differences.
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There has never been a better time to cash-out of your Saskatchewan industrial and retail commercial real estate.
While there is currently demand from owner occupants for office buildings, that demand however is not the same for multi-tenant office due to typically higher vacancy in that particular asset class.
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Insurance is a difficult line item to justify sometimes until you need it.
Do I have enough? Can I actually access it if I need to?
What happens if I just don’t have any?
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It’s interesting to see the similarity that has been revealed between Regina and Saskatoon through ICR’s latest Market Update.
The difference in vacancy rates between the two cities, in this sector are less than 10 basis points.
You must go back to 2010 to find similar strength in absorption of vacant industrial property.
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Commercial real estate landlords, regardless of their vacancy, don’t have to be excited to rent to just anybody.
Sophisticated landlords can get downright picky.
This isn’t necessarily a reflection of discrimination towards any type of tenant, however.
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Some Landlords believe they can renew their Tenants at the same rental rate that a Broker is able to negotiate.
Alternatively, Tenants often believe they can do a good job representing themselves in their renewal.
Whether a Landlord or a Tenant, your commercial real estate representative can make a solid case why you should contract an experienced broker to represent you.
I am not referring to dual agency but rather single agency where a Broker would represent either a Tenant or a Landlord.
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The North Saskatoon Business Association (NSBA) hosts an annual event called Lesson’s I’ve Learned wherein they invite local business leaders to share their journeys.
There are takeaways every time I attend.
Sometimes the ones that resonate the most with me come from unlikely folks.
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As a brokerage, we track existing and new developments in each commercial sector and thereafter advise clients when and what to build.
For this discussion I’m going to focus on the Saskatoon industrial market.
As a brokerage, we track existing and new developments in each commercial sector and thereafter advise clients when and what to build.
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