The overall Saskatoon vacancy rate has been trending lower since its peak in 2016. Our Q319 Industrial Market survey reports an overall current vacancy rate of 6.04 per cent.
That one number does not, however, reveal the complete story.
I consider a rate under 5 per cent to reflect a relatively balanced market.
How close are the eight submarkets to regaining balance?
Here’s an overview along with the factors that are important to consider surrounding that question.
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As a commercial real estate broker/advisor, the type of assignments I take varies significantly.
They’re never boring; there’s a different nuance to every deal!
I started my career in real estate sales when I was 20 years old and to this day, still find it immensely rewarding when a client’s goals are met through a closed transaction.
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It seems like just yesterday that Justin Trudeau shocked Westerners with a decisive victory in the 2015 federal election.
However, it’s been a brisk four years and now everyone’s hitched back up on the old campaign trail.
As is the season, all parties are setting their plans forward for Canadians should they get a chance to lead.
I may have to read between the lines a little, but is there anything in these election promises for the commercial real estate industry?
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It was represented to you that you have an option to renew.
There is a specific clause in your lease that spells out details of that option to renew.
However, can that clause effectively achieve what you intend it to?
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Inspired after watching a TEDx video this spring by Chris Bailey, I was determined to unplug during my summer vacation.
Here’s my experience after just having returned from that time away.
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“I think we’re eating in linens right now,” I said casually to my mom recently.
We were taking in the tastes offered by Midtown Common, the new Midtown Plaza food court located in the Sears vacancy.
Any semblance of the historic retailer, however, has all but disappeared.
The shopping space has been replaced with exposed concrete and a modern look.
Basically everything Sears wasn’t.
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There are many real estate investors who wish they’d just got into a market before a boom.
Appreciation of real estate investments has made many people wealthy over time.
For those willing to take the risk, the reward can be real.
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A focus on deal timelines are a necessary evil in our commercial real estate world.
They are the thread that binds conditional lease and sale transactions.
But what happens when issues arise beyond your control that negate those agreed upon timelines?
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Specifically speaking, it depends on where you live on this earth.
Globally there are still approximately 2.7 billion women restricted from doing the same jobs as men.
But that’s not necessarily true in North America, right?
Okay, how about this more relatable fact: only 5 per cent of the Fortune 500 companies have female CEOs.
When we look at the general workforce, approximately 63 per cent of women (aged 25-54) participate in the labour market; that compares to 94 per cent of men in the same age category.
The statistic doesn’t tell us where those 37 per cent of women are or why they aren’t participating but it certainly highlights the imbalance between genders.
So it’s agreed, there is still some work to do.
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There are important elements to consider when reviewing a business with the intent to purchase.
Taking the time complete a thorough investigation is critical to discover the hidden facts.
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