Evolving conversation on open office

It’s interesting how business philosophies can evolve.

When I joined ICR 25 years ago, everyone had individual offices.  You rarely saw a closed door but each of us had our own space.

Our company culture has always been open and collaborative.

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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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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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3 tenant tips for renewals

Renewals in commercial leasing can be almost as important as securing a lease in the first place.

There is quite a bit of finesse to this process.

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How smart companies will address work-from-home

Smart companies will look beyond potential cost savings and base their decision on how to best invest in their most important asset…their employees.

I’m often asked what I believe will be the impact of the work from home transition on office occupancy.

I think it’s a matter of planning and investing where the money will be best served.

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