Office
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.
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.
Property tax relief looks iffy in New Brunswick
Beginning in 2023, municipalities will have flexibility to pull more revenue from their non-residential tax base, potentially cancelling out a phased 15 per cent reduction in the provincial property tax rate that was introduced this year.
Employees expect environmentally friendly offices
Six in 10 workers surveyed feel their office is "shamefully eco-unfriendly"
Commercial leases attract political attention
Both the NDP and Green parties float concepts for standardized lease agreements and rent control guidelines in their recently released platforms for the June 2 Ontario election..
The new commercial office takes shape
Facility managers and BSCs are reassessing how they maintain safe office environments. Keeping best practices in mind is vital.
Multifamily rent slippage deemed temporary blip
Multifamily assets posted the largest year-over-year decline in net operating income among the four major sectors in the Canada Annual Property Index, while delivering a 7 per cent total return on investment for 2021.
Updated model green lease attuned to the 2020s
REALPAC’s newly updated model green lease for Canadian office buildings introduces measures aligned with the broadening demand for ESG reporting and performance outcomes.
IAQ combos arresting airborne spread of COVID
Commercial building operators could use a combination of air exchange, filtration and purification to comply with the industry-leading guidance for arresting airborne spread of pathogens and contaminants.
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.
Nothing average in premium office rent data
The priciest office space in Toronto and Montreal is deemed "mid-level" among 127 global markets, while Vancouver is in a larger group said to offer "value" to premium tenants.
Stricken asset classes now shaking off COVID
Office and retail were diagnosed as stricken asset classes early in the pandemic, but after 20 months on the disabled list, conventional venues for labour and shopping are rallying to fight for market share.
Why wait? The new office normal is up to you
From now on, companies will distinguish themselves by the enhanced experience they are able to offer their employees who take the time and effort to travel to the office.
Post-CERS property expense relief announced
A new iteration of property expense relief will be more bountiful for many recipients than recent payouts of the Canada Emergency Rent Subsidiary, but fewer commercial tenants or owner-occupiers will qualify.
A fine-tune for effective benchmarking
The 2021 versions of REALPAC's normalization methodologies for calculating energy- and water-use intensity address issues arising from the COVID-19 pandemic and lower occupant densities in office buildings.
CERS uptake falls short of potential
Removing landlords from the application process hasn’t necessarily made the Canada Emergency Rent Subsidy (CERS) more accessible for commercial tenants experiencing pandemic-related financial stress.
Manulife is raising standards in real estate
Enhancing cleaning, disinfection, and communication is critically important within real estate at a time when health and safety is top of mind.