How to de-risk your spec CRE build

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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4 Reasons to engage a chess player to guide your CRE strategy

We navigate an increasingly complex industry.

When I engage a professional, I expect them to listen to my requirements and establish a strategy to fulfill those requirements and needs.

That could mean preparing me for potentially different outcomes and/or establishing a strategy that results in exceeding my expectations.

Much like the game of chess, strategy plays a huge factor in my odds of success.

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Your space is a reflection of your business

Have you ever entered a business that turned you off so quickly that you couldn’t wait to exit?

This happens all too often in the retail and service industry.

What message is your space presenting to potential clientele?

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Saskatoon’s commercial real estate markets demonstrate resiliency

We’ve just released our 2Q21 market surveys and all three sectors are reporting a reduction in vacancy.

Remarkable statistics considering the economic storm we’ve been passing through!

It appears that our resource rich economy is only going to continue to improve with the recent upcycle in commodity markets.

International demand for food, fertilizer and fuel have turned the corner after a slow 2020.

Let’s take a look at each sector individually.

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Permanent pandemic practices for the good

Saskatchewan has entered step three of our reopening plan and most restrictions from public health orders have been lifted.

But does that mean we should all go back to business as usual?

I think there are a few pandemic measures we could all just continue with.

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Buyer beware of often onerous commercial mortgage process

As a Commercial Real Estate Broker, it’s my job to prepare my clients.

Typically, there is a process they will need to go through to complete a lease or purchase.

The purpose of my focus here is to provide an overview of the steps necessary to mortgage commercial real estate.

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Vacancy does not equate to desperation

It’s easy to get skeptical about leasing commercial real estate with all the media reporting business doom and gloom during the pandemic.

Well I’m here to tell you, not only is their rising hope on the horizon but things aren’t near as dicey as some think.

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Surprisingly little correlation between interest rates and cap cates

Any discussion on cap rates needs to be prefaced with a cautionary note. 

That is, there are many factors that determine capitalization rates on a commercial real estate investment. 

Those factors include but aren’t limited to age and condition of improvements, covenant of tenants, term of leases, location, asset class and the tenant mix.

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Moe’s plan to re-open SK for business

Saskatchewan’s premier Scott Moe is optimistically eying reopening our province (again) to business despite some of our neighbouring provinces tightening down.

As much as I strongly believe safety is a high priority, I also believe salvaging our economy is just as important.

So what does Moe’s re-open plan mean for business?

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All will be revealed in Regina land sale

Regina City Council was publicly criticized last week for a land sale they engaged in with an undisclosed buyer.

Some of the outcry is from adjacent property owners who may or may not have had use for the land themselves.

But any criticism from the general public about the cloak and dagger secrecy of the sale may not be fair.

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