Condo ownership can be likened to a long-term personal relationship.
This is probably most relevant in residential examples; your home tends to be more sentimental than your work environment.
You spend a lot of time at work. Due to that time investment into your business you want to do everything to ensure a property will serve you for the long run.
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There are many working parts in offering to purchase or lease a commercial real estate property.
Determining the strategy you will employ in a negotiation, however, can have a big bearing on the outcome.
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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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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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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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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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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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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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