Comments on: Canadian Commercial Rents Are Soaring For Offices, While Retail Drops

By: Ahmed

Ahmed — Sat, 05 Jun 2021 20:36:34 +0000

Lease rates are so high in Toronto and Vancouver, 25% of rent is a lot to pay for a year with no revenue. Not surprising the only thing opening are “essential” businesses, like fast food and cannabis stores.

By: Tim Fiorito

Tim Fiorito — Sat, 05 Jun 2021 20:18:43 +0000

Do these bumps in rates reflect TI (tenant inducements)?

All of my clients deals are below market. 12 months free on 5 year, $40 build out, paying on $10…..

Why are landlords starting to come out with double commissions on office leasing? burbs and downtown. Wonder if small investors can afford to offer these generous inducement packages. Hmmmm

Something Isn’t adding up again in Canaduh….I mean Canadowe….

By: Pepp

Pepp — Sat, 05 Jun 2021 18:05:16 +0000

Low interest rates allow large corporations with well established relationships with banks to borrow at a lower cost. At the same time small businesses are getting destroyed, therefore they left a void in the market. I always give examples, for example: a local restaurant is now bankrupt, the customers they serv will eventually come back. With vaccination in progress that would be the foreseeable future. One of the large chains like the keg or others will step in and open shop on their corpse. And this is happening in all industries.

Hence, we are see these numbers. With inflation so high rent for homes will also increase. This will create condition where tenants having low rent staying put while new home hunters will pay high rents. However if one have to move in the near future its better to find a good place now then to wait. The longer you wait the high it will be. Inflation is here.