One of many benefits to setting up shop in SK

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.

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Every Saskatoon CRE vacancy rate drops

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.

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Where do Saskatoon industrial lease rates go from here?

Oil and gas prices will continue to drive economic growth in Saskatchewan and Alberta through 2024, according to the Conference Board. Saskatchewan will also benefit from higher prices for commodities such as wheat and potash.

Saskatchewan is reported to lead our country in 2022 with a growth of 7.6 per cent.

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Best practices for negotiating Commercial Real Estate

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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Why you should sell your Commercial Real Estate now

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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Don’t let Tenant insurance fall through the cracks

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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Lowest SK industrial vacancy in over a decade

It’s interesting to see the similarity that has been revealed between Regina and Saskatoon through ICR’s latest Market Update.

The difference in vacancy rates between the two cities, in this sector are less than 10 basis points.

You must go back to 2010 to find similar strength in absorption of vacant industrial property.

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Hard to place CRE tenants

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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How to de-risk your spec CRE build

As a brokerage, we track existing and new developments in each commercial sector and thereafter advise clients when and what to build.

For this discussion I’m going to focus on the Saskatoon industrial market.

As a brokerage, we track existing and new developments in each commercial sector and thereafter advise clients when and what to build.

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