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Office space shrinking, but fit-outs getting more expensive: JLL
Office space shrinking, but fit-outs get more expensive: JLL
"Right-sizing" office space is a trend that shows no sign of abating, especially on the heels of a pandemic, according to a new report from JLL entitled 2023 U.S. and Canada office fit out guide.
 | The People Space New CEOs, presidents for Fonds, Alterra, IPSO FACTO ...Don WilcoxManaging Editor, RENX |
Sarbern proposes three mixed-use buildings in Agincourt
Sarbern Development Inc. has proposed 12-, 34- and 39-storey mixed-use condominium buildings at 4181 Sheppard Ave. E. in Toronto's Agincourt community. The CMV Group architects-designed project would include 1,009 residential units and 7,901 square feet of commercial space.
Interest in investment rental properties waning
Another interest rate hike from the Bank of Canada is likely to slow the demand for investment properties throughout the country’s largest cities, according to John Martino, founder of New Era Real Estate.
Default possible on Brookfield London tower loans: Analysts
The rise of work from home and surging interest rates have Bank of America analysts warning a default is likely on loans linked to Brookfield Properties' CityPoint, a 36-storey office building in London’s financial district.
Iowa town rebound offers hope for downtown London, Ont.
As London, Ont., looks to have a conversation about what to do with its dozens of vacant buildings, an American woman from Webster City, Iowa, who rebuilt her community's downtown by offering an "empty building tour" has some insight.
Downtown Winnipeg ’still a ghost town'
Downtown Winnipeg's once bustling noon-hour crowd is out-to-lunch somewhere else. The Portage Place food court is far emptier than it was several years ago. Instead of merchandise, For Lease signs decorate the windows of downtown storefronts.
Winnipeg approves four-storey, mixed-use
Plans to add a four-storey, mixed-use residential building to a vacant lot at 174 Provencher Blvd. have been approved by Winnipeg city councillors. The building will include 45 residential suites and two surface-level commercial units.
Winnipeg developer awarded $5M after city stymied dev.
Developer Andrew Marquess has won a $5M judgment against the City of Winnipeg and two officials deemed by a judge to have deliberately slowed progress on Fulton Grove, a 1,900-unit residential development planned for the former Parker lands.
Saint-Laurent toughens sustainability standards
A series of bylaw revisions covering buildings, transportation and urban agriculture in the Montreal borough of Saint-Laurent are aimed at building a sustainable municipality and honing a competitive advantage for its businesses.
Real estate podcasts
R. Scott Hutcheson, Aspen Properties: A passion for Alberta office space, CRE Library
Craig Beattie, Perimeter Development Corp.: Tech as tenants, CRE Podcast
Sonny Kalsi, BentallGreenOak: A passion for buildings, Tenant Experience Network
Meta’s Bay Area mega-development moves forward
A longtime plan by Facebook parent company Meta Platforms to turn the former Menlo Science & Technology Park into a 59-acre, 1.6 million-square-foot mixed-use campus in Silicon Valley is moving forward with recent approvals of four architectural plans.
Time running out on PREIT's $1B debt
As PREIT (PRET) fights for its life in the face of a massive debt maturity, a second battle has broken out: between its board and its shareholders. As time runs out on the former, the latter is rapidly intensifying.
U.S. industrial cools, but still healthy: C&W
The U.S. industrial real estate market is cooling off in the face of slowing demand and higher borrowing costs, but the market remains fundamentally healthy, according to the second-quarter report released Thursday by Cushman & Wakefield (CWK-N).
Boston offers tax breaks to convert empty offices
Boston Mayor Michelle Wu is offering hefty tax breaks to companies to turn offices into housing, the latest example of a city seeking to address the challenges of remote work hitting downtowns and a lack of affordable residences.
Home sales to fall 6.8% in 2023: CREA
The Canadian Real Estate Association estimates home sales in 2023 will be down 6.8% year-over-year, a more drastic decline than the 1.1% decrease forecast in April. Sales started to come under pressure in June.
GTA apartment rent up 11.6% Y-O-Y: TRREB
The GTA's average one-bedroom condo apartment rent was $2,532 in Q2 – up 11.6 per cent year-over-year. The average two-bedroom rent was up 9.2% over the same period to $3,264, according to the Toronto Regional Real Estate Board (TRREB).
GTA home prices to end year up 11%: Royal LePage
Thursday's Royal LePage report expects GTA aggregate home prices, the combination of the median price of detached, semis and condos, in the region to rise 11 per cent year-over-year in Q4 2023, from about $1.069 to $1.186 million.
Affordability worse in cities rife with regulations: CMHC
Approval delays and land use regulations by municipalities are limiting housing affordability across Canada, according to a recent study by Canada Mortgage and Housing Corp. CMHC's analysis shows municipalities with higher overall land-use regulation have lower housing affordability.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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