Oliver Tighe, valuation expert at Colliers International, predicts a positive 2015 for commercial real estate. This is predicated on significant capital infusion into the Ottawa real estate market combined with Ottawa’s core strengths. This positive outlook comes despite the fact that commercial real estate sales in 2014 experienced a 16% decline over 2013. The retail
An interesting article written by Kris Hudson discussing the living preferences of millennials (Generation Y). Some economists have argued that the millennials’ will continue to prefer city living, offsetting the inconvenience of small living quarters for the proximity to downtown work and entertainment. However, a recent survey by the National Association of Home Builders found
A fascinating article written by Tim Blackwell, concerning lowering building construction costs to respond to renter demands. Noticing the importance of efficiency costs to potential renters, CEO Mark Humphreys believes lowering the building costs needs to be done. His Dallas-based architectural firm is focusing on creating efficient design concepts such as their most popular design,
An article by Brenda Bouw, discusses the “turnaround story” of InnnVest REIT and the possible growth in the Canadian hotel sector. Many investors in the hotel industry are debating on “holding” or “selling” their shares due to North American fluctuations in the economy. But InnVest has encouraged many investors in Innvest REIT to “hold” their
Avison Young is finding that more of Canada’s downtown office space is empty as more commercial companies are moving to outside the city. The vacancy rates are steadily raising and there’s an alarming amount of free square feet in downtown spaces. Corporations are now being strong handed into re-designing office space to become more proficient
An interesting article by Tim Blackwell highlighted the five simple ways property management software can save you money and keep your properties occupied in the Senior Care Market! With more competition comes more reasons to stay ahead of the game. Having the right tools and resources could be the difference between your company and your
With office space vacancies on the rise in Vancouver, some developers are starting to become more flexible in order to attract tenants, the Vancouver Sun reports. One company is offering prospective tenants the opportunity to speak with their designers, before signing a lease, to talk about designing spaces to suit their specific needs. That kind
As office tenants flock to the cities, suburban developers are reinventing how they build their office buildings, according to a Boston Globe article. Instead of just building office towers and parking lots, developers are now starting to build developments that also include restaurants, hotels, retail, and even residential buildings. The idea is that providing similar
The number of Chinese investors buying American real estate is on the rise, with over half the $22 billion from Chinese investors going to California, Washington and New York, according to a CNNMoney article. But there are other states that are gaining more popularity among Chinese investors, including Florida, Texas, and Michigan. Some investors are
Repurposing buildings is a growing global trend, and it’s one that’s spreading in New York City, says a recent New York Times article. Most conversions are office buildings to apartments, but office buildings aren’t the only buildings being converted. Old industrial buildings, schools, churches and even old parking garages are fair game. One reason conversions