Hear ye, hear ye: news dropped this week as to which Hudson’s Bay (HBC, The Bay) department stores will feature restored Zellers stores within their existing footprints.
This news isn’t a complete surprise as the Bay has been dropping tidbits of this brand within a brand for the past year.
I may be out of line here, but who exactly is crying to see the return of Zellers?
Continue Reading →
Altus Group has recently released its 2022 “Canadian Property Tax Rate Benchmark Report,” which provides some interesting stats.
Although Saskatoon and Regina both raised commercial tax rates, with Saskatoon increasing by 3.3% to $16.15 and Regina by 2.74% to $17.14, Saskatchewan’s costs are far below the national average.
Continue Reading →
The raw data for our 3Q22 market reports have been compiled, and the findings are fascinating.
The four main categories, downtown and suburban office, retail and industrial sectors, have seen positive absorption since the last quarter.
Continue Reading →
Build it and they will come, at least Saskatoon’s City Council hopes so.
As they endeavour to bring a new downtown arena to fruition it’s worth noting the changes that have already taken place in the core.
And how the new arena will only thrive in it.
Continue Reading →
All parties to a sale (brokers, property managers, buyers, sellers, and lawyers) must be prepared for the process necessary to calculate occupancy cost adjustments at sale closing.
If you’re selling multi-tenant commercial real estate, the final statement of adjustments that your lawyer provides could take a couple of months to complete.
Continue Reading →
As brokers, landowners engage us to provide an opinion of value on development land.
At the same time, those landowners often offer, what is believed to be, comparable land sales within close proximity to the subject property.
What they may not realize is that there could be a whole back story to that supposed comparable land sale that render it incompatible as a sale comp.
Continue Reading →
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.
Continue Reading →
I can’t handle reading any more news on how the pandemic has decimated the economy.
If you know my background, you aren’t surprised that I have a lot opinions about how media is operating these days.
Overstating the obvious isn’t making anything better, I liken it to reporting on the umpteenth snowstorm this winter.
So I am on a personal mission (at least this week) to report only on the uplifting stories despite the pandemic!
Continue Reading →
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.
Continue Reading →
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?
Continue Reading →Subscribe now and never miss another blog from SaskEdge!
Recent Comments