Office
Canadian Property Management
Big six banks feeling little office fallout
The credit rating service, DBRS Morningstar, is reiterating a general negative outlook for office properties, while highlighting lending and underwriting trends that have limited exposure for Canada's big six banks.
Canadian Apartment Magazine
Office receivership sale touts conversion potential
Sales agents for Compass Place, a distressed 10-storey office tower in downtown Edmonton, are promoting its potential for conversion to multifamily rental.
Design Quarterly
Encouraging return to the office
Motivating people to return to the office was the design challenge for Edit Studios, who was commissioned by Trulioo for its new Vancouver headquarters.
REMI Network
Fewer Canadians working from home permanently, report finds
Flexible working options remain highest and most popular amongst Canadians aged 35 or
younger.
Canadian Facility Management & Design
Workplace macro trends facing facility managers
The tension between employees’ desire to work fluidly and the need for predictability within a business is a key factor affecting workplaces around the world.
Canadian Property Management
Tech finds highly competitive options in Canada
Eight Canadian cities rank among the top 50 North American markets for fostering tech employment, with Toronto, Vancouver, Montreal, Ottawa, Waterloo Region and Calgary all placed in the top half of the list.
Canadian Facility Management & Design
CRE industry reveals data-driven demands
Canada’s top commercial real estate players have identified the growing importance of visualizing indoor building activities in real time as the use of space becomes less predictable and tenant needs evolve.
Canadian Facility Management & Design
Office attendance rates flout corporate decrees
More than 55 per cent of respondents to CoreNet Global’s July 2023 survey report that corporate personnel are not fully complying with directives to return to the office.
Canadian Property Management
National office vacancy rate continues to climb
The national office vacancy rate surpassed 18 per cent in the second quarter of 2023, the highest level recorded since 1994. However, the pace of negative absorption was slower than last winter and fall.
Canadian Property 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.
Canadian Facility Management & Design
Hospitality program transforms office portfolio
Over the next three months, Canderel will begin rolling out a workplace hospitality program called Okkto across its buildings.
Canadian Facility Management & Design
Office fit-out costs rise with hybrid workforce
Rising office fit-out costs reflect both inflationary dynamics in the construction sector and emerging design trends as employers realign space to engage their hybrid workforces.
Canadian Property Management
Inaugural BOMA BEST Smart certifications awarded
The first certifications have been conveyed through the new BOMA BEST Smart assessment and benchmarking program for digital optimization of building performance.
Canadian Facility Management & Design
Federal heritage buildings listed for offloading
Public Services and Procurement Canada has released a list of 10 properties “in various stages of the disposal process” as part of an invitation to select stakeholders to bring forward proposals to reposition the space.
Canadian Property Management
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.
REMI Network
BDP conducts workplace ‘experiment’ with Toronto studio
In a hybrid work era, BDP Quadrangle has opened a two-floor studio in The Well as an experiment with in-person arrangements.
Canadian Apartment Magazine
Toronto buildings to demonstrate decarbonization
Private multifamily buildings make up the largest share of projects set to demonstrate decarbonization technologies and procedures through Toronto’s deep retrofit challenge.
