Don’t discount retail discounters

Price slashing. Mark downs. Lower prices. Discounted goods.

The word discount conjures up a variety of value for many consumers.

Discount is a deduction from the usual cost of something.

The irony of that rationale is by who’s standard is the cost of something?

Continue Reading

The mall needs to be okay

I’ve not been shy about my love affair with the traditional interior mall as a retail institution.

While skeptics have been predicting their inevitable death, the interior mall seems to innovate and survive in spite of its critics.

But could the disruption of the Covid-19 pandemic finally have done them in?

Continue Reading

Options for Lighthouse need to be explored

The Lighthouse, which provides support to Saskatoon’s homeless and mentally ill, is vital to our community but it can’t come at the expense of our vibrant Downtown as a whole.

Prior to the global pandemic, Saskatoon’s Downtown businesses were already feeling the impact of reduced foot traffic due to safety concerns of the Lighthouse.

Now, the reported national statistics for tenant relief requests from the retail sector mirror close to what we’ve seen in Saskatoon.

As a result of economy shutting down to Covid-19, on average, 70 per cent of requests have come from retail tenants; only 30 per cent have come from the office and industrial sectors.

A game plan to invigorate our downtown retail business before it’s too late is urgent.

It’s time for the City, local businesses, and the Lighthouse to examine a Plan B if we hope to save this core neighbourhood.

Continue Reading

Fair is fair

Fair is a pretty relative term in the commercial real estate universe.

It depends entirely on which side of the transaction you are as to what your perception of fair may be.

In regard to commercial leasing, does fair apply to the landlord or tenant?

Continue Reading

May the Fourth be with you

Last week Saskatchewan Premier Scott Moe announced a phased in plan to reopen the province for business in the wake of Covid-19.

While some people are saying it is too soon, most agree that it has been long enough.

So how will this unfold for commercial real estate tenants?

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

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

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

Would you recommend your CRE broker?

I think it’s fair to say that we don’t recommend people and their services if we don’t like them.

The problem, however, is that often liking someone can hinder us from really considering if you’d recommend them.

Confused? Consider the following…

Continue Reading