When a commercial lease ends, many tenants see an opportunity to relocate to better premises – larger, cheaper, fancier, more conveniently located, etc. Often, the tenant expects that they will return the premises to the Landlord empty, clean, and in good condition, normal wear and tear excepted. Unfortunately, many tenants are faced with the costly […]
Over the past month, we have watched as businesses are forced to deal with an unprecedented crisis. If you have ever done a SWOT analysis of your business, you run different models and analyze different threats and results. What if sales fell to 50%, what if the competition cut their prices, or your biggest competitor […]
Why is the Landlord insisting that they can increase costs they will recover as part of their additional rent? Generally, leases are drafted to protect Landlords, and it may be a challenge to know what you can negotiate and what you may have to live with in a standard lease. Missing a critical clause can […]
It has been one year since the release of BOMA 2017 Office Standard, the dominant standard that defines how to measure and calculate the rentable area in office buildings in Canada. Today, we’ll go over the various changes made in the 2017 edition and the overall impact it has on the calculation of rentable square […]
Over the past few months I’ve had more inquiries regarding industrial listings and/or properties than all other sectors combined. Not to mention my last few completed deals (a mix of sales and leasing) were all industrial type properties. Why? What is the big attraction these days to this asset class? Well, if you’re looking in […]
What Are They & How Are They Affecting The Market? Packaged office is a concept that’s been around for decades in some form or another. The idea is simple: break up vacant space into small, short-term rentals; charge a premium on the rent; and, if you can keep it occupied, you have a business. Over […]