Development
Office conversion prospects judged challenging
Viable conversion candidates must begin with a basic structural prerequisite, but construction costs, location, surrounding amenities and assumptions about future office values all influence the business case.
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.
CRE awaits spinoffs of new provincial spending
Quebec and Ontario have announced investment incentives that could have implications for land deals and/or technologies and products that commercial real estate uses.
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.
Energy sector workforce evolves and expands
Energy efficiency is projected to create more jobs and assume a larger share of energy sector economic activity in step with a heightened focus on reducing greenhouse gas emissions.
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.
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.
Ontario mulls its site redevelopment potential
A centralized agency will be tasked with identifying provincially owned sites with redevelopment potential, placing a priority on new uses that align with infrastructure initiatives.
Broccolini acquires several land parcels near GTA
Montreal-based developer Broccolini has kicked off 2022 with the acquisition of several development parcels located just outside the GTA.
Sustained industrial rent growth foreseen
Investors are expressing confidence in sustained industrial rent growth, as new supply is not expected to catch up with rampant demand any time soon.
Office markets recover lost ground
After six consecutive quarters of declining occupancy, some of Canada’s office markets began to recover lost ground in the fourth quarter of 2021.
Industrial rental rates continue upward climb
Colliers Canada's Q4 2021 snapshot of 12 metropolitan areas finds industrial vacancy rates below 1 per cent in five markets, and between 1 and 5.4 per cent in the seven others.
Keeping your renovations pest-free
When planning and executing renovations, your pest management provider should be seen as a partner throughout the entire process.
Accessibility carries a simple business case
Many commercial real estate operators are making the simple business case for buildings that are functional for all potential users. It’s a quest that can begin with simple investigations, simple low-cost measures and simple mindfulness.
Purpose-built rental pro formas under pressure
Developers are facing escalating material costs, supply chain disruptions and labour shortages in step with climbing vacancies and falling rental rates that were not contemplated 18 months ago.
New office supply poses backfill challenges
An influx of new office supply was always expected to shake up the status quo in the downtown Toronto market given that approximately two-thirds of the 8+ million square feet of space currently under construction is already preleased.