New challenges await social distancing office users

Despite patting ourselves on the back for flattening the curve in Saskatchewan, we flatlanders are not out of the woods yet.

In the anticipated build up to employees returning to their traditional workspaces, stringent protocols will be in place for office users in particular.

A return to our previous normal practice seems a long time away and some speculators predict the Covid-19 pandemic will change office interaction permanently.

Continue Reading

Navigating difficult client conversations

Most of us have never experienced a financial maelstrom of this magnitude, in our business careers. 

It’s a stressful time for many property and business owners; it’s difficult for most of us to forecast with any confidence what our sales volume for the next six months will be.

There is a good chance you may encounter some tense conversations with clients or associates who are understandably anxious about their current state of affairs. 

Continue Reading

Industrial will evolve as the preferred CRE asset class

The sudden, real impact of COVID-19 can be seen in supply chain disruptions, lower consumer confidence and reduced consumer spending.

Trying to measure the macro picture, the scope and duration of the economic stoppage is not easy.

For those corporations who are currently sitting on surplus capital, waiting for the bargains to surface, it is still to early to assess how property values will be affected.

It is however, becoming clear which sector will emerge as strongest asset class.

Continue Reading

What might CRE look like after Covid-19?

There is no question about the effects of the Covoid-19 pandemic on Canada’s economy.

This sudden misfortune has tested the strength of the commercial real estate industry in ways we’ve never encountered before.

So what does the future hold for tenants when this is all over?

Continue Reading

My “Negative Attitude” cure for the CRE Professional

I’m grateful that despite the new challenges many of us are currently encountering in this remarkable new world, I’m doing well. 

However, that would not always have been the case in my past.

Continue Reading

4 ways to show your support for local business

It is certainly weird times out there right now.

With no one able to predict how long this will last, it is imperative that we remember to support local business as they’ll be struggling along with the rest of us.

But how can I support local business if I can’t leave my house?

Continue Reading

Note to all Brokerage and Property Management clients and tenants

ICR Strategy RE: COVID-19

As the impact of COVID-19 is felt across this country and continues to evolve, we want you to know that ICR’s Emergency Response Team is focusing on prevention strategies, ensuring appropriate responses as the situation develops. The current risk to the individual may appear to be low, however the risk to society is immeasurable. We are discussing preventative measures to limit the exposure of our staff to the virus and business continuity plans.

Continue Reading

3 ways a Buyer’s Broker is a no brainer

Did you know when you’re buying or leasing that you can engage a commercial broker to search listings, organize viewings, and write offers, among other duties, for the low cost of… ZERO?

This relationship is referred to as a Buyer’s broker and as the name suggests, they work for you and you alone.

Continue Reading

Why the vast difference between insurance, appraised and assessment Values?

This question that was asked of me yesterday triggered the notion that there was a need to write about it.

Each of these three valuation processes have different end goals. It’s important to understand which value can be relied upon to represent fair market value.

When either a real estate broker or accredited appraiser is gathering information to determine a value, neither the insurance nor assessed tax values are taken into consideration.

It’s not what everyone wants to hear. If you’re hoping for a high value, you’re more likely to quote the number stated on your insurance policy. Let me explain.

Continue Reading

Is there mega concern for megatrends?

Megatrends are often described as powerful and transformational forces that can change economy, business and society over the course of centuries.

Obvious examples of this would be the use of electricity, the creation of the automobile and in the most recent past, the adoption of the Internet.

We follow quarterly and annual trends in our markets, but what are some of the megatrends being predicted for our economy as they may affect commercial real estate specifically?

Continue Reading