CHANGE. CHANGE AND MORE CHANGE TO HIGHLIGHT COMMERCIAL REAL ESTATE IN 2015

It is said that change is the only constant in today's world, and looking at Canada's commercial real estate market that adage seems more appropriate than ever. Changing spending habits, commuting patterns, the emergence of the tech-savvy Millennial cohort, an explosion of downtown condo d...

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Bibliographic Details
Published inCanadian appraiser Vol. 59; no. 1; p. 12
Main Authors Moore, Ross J, Morassutti, Paul
Format Journal Article
LanguageEnglish
French
Published Winnipeg Appraisal Institute of Canada 01.01.2015
Subjects
Changes
Commercial real estate
Investment
Leasing
Canada
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Summary:It is said that change is the only constant in today's world, and looking at Canada's commercial real estate market that adage seems more appropriate than ever. Changing spending habits, commuting patterns, the emergence of the tech-savvy Millennial cohort, an explosion of downtown condo development, and interest rates so low that money is bordering on free, are changing everything they in the real estate world have taken for granted with recent events suggesting this is just the beginning. Commercial real estate is primarily about two things: leasing and investment. The two are inextricably linked, with one dictating the other and vice-versa. Leasing markets across Canada have generally had a good run over the past several years, coming out of the global financial crisis and continuing into 2014, but cracks are beginning to appear. Canada's industrial market, at 1.7 billion square feet, does not move quickly, but even in this usually staid asset class, change is occurring.
ISSN:1919-8264