Asset Management
Trophy office towers widening gap from the pack
Trophy office towers could be anchored atop the market for the long term as the past decade’s wave of new building subsides and little further development is anticipated.
Office building values still trending downward
Appraisers generally expect office building values to keep slipping over the course of 2023 as a range of factors undermine cash flow, push up cap rates and make investors skittish.
Multifamily asset values hold steady
Multifamily asset values appear to be holding steady, but transaction volume plummeted in the first quarter of 2023.
Sustainable finance products forge way to 2050
Sustainable finance products, are expected to increasingly come into play as building owners/managers pursue decarbonization and look to bolster the climate resiliency of their properties.
Inadvertent blocks on commercial deals lifted
Regulatory amendments to Canada’s Prohibition on the Purchase of Residential Property by Non-Canadians Act address inadvertent impacts on commercial transactions and property development.
Department store drain continues
Nordstrom Canada’s sudden swoosh into the department store drain will leave empty anchor space in some of the country’s top-performing and most prestigious regional malls.
Lender confidence varies by CRE asset class
Logistics warehouses, multifamily rental buildings, data centres and life sciences labs are tapped as favoured assets in CBRE Canada’s newly released survey of lenders' sentiment.
CRE strategizes to meet 2030 commitments
Among its many challenges, the race to meet 2030 commitments for greenhouse gas (GHG) emissions reduction could have some public relations complications.
Push to curb inflation has CRE ramifications
Transaction volume had been surpassing pre-pandemic levels until the steepest and most rapid rise in interest rates thus far this century undermined that momentum.
Infrastructure investment a go-to in downturn
For public partners, P3s are a means to transfer risk. For the private sector, infrastructure’s recession-proof profile dovetails with expectations for a prolonged building spree.
Robust yields ongoing for industrial landlords
Market analysts and asset managers express confidence that the industrial sector will be buoyant into the future despite current global economic uncertainty.
Operational resilience a performance priority
New technical guidance for assessing and responding to building-level risk underscores that operations teams carry responsibility to safeguard occupants, facilitate business continuity and protect asset value.
CRE measures up as Canadian economic driver
A new report estimates commercial real estate made a $148.4 billion total contribution to Canada’s GDP last year, when factoring its direct, indirect and induced impacts.
Food-anchored retail tops CRE investment menu
Food-anchored retail plazas remain a staple on the commercial real estate menu, again emerging as the preferred asset type in Altus Group’s survey of Canadian investment trends in Q2.
Q2 market trends follow familiar patterns
Midway through 2022, Colliers Canada pegs the national office vacancy rate at just below 13 per cent, while the national industrial vacancy rate sits 1,200 basis points lower.
Fuel-switching challenges expected to ease
Climate, cost and capacity pose fuel-switching challenges for building owners looking to curb greenhouse gas emissions in line with Canada’s target for a 40 per cent reduction below 2005 levels by 2030.
Business case assumptions evolve alongside ESG
Investors and lenders are expected to increasingly focus on the physical and transitional risks of climate change, in turn upending some conventional views of costs and value.