Lex Perry, MBA

In adopting technology, building managers need to know reality, not perceptions. Sarah Segal debuts her new CRE Data Deep Dive column today on RENX. Welcome aboard! #cre #crecanada #realestate #proptech #propertytechnology #yardi #technology #assetmanagement

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We are pleased to share Colliers' Toronto Industrial Market Report Q2 2024: https://ow.ly/WvZA50SxMzo A combination of rising availability, ample new supply, and challenges in financing has contributed to negative absorption and a slight dip in rental rates. Q2 2024 has brought on -884K square feet in absorption, which is the lowest figure since Q3 2015 and a reflection of the current state of the market. After reaching a peak of $18.56 in Q3 2023, the Greater Toronto Area (GTA) industrial rental rate has seen another minor drop quarter-over-quarter and has settled at $18.17, which still represents a YoY increase of 0.2%. There is now new product in every size range with more space on the way as there is approximately 15 million square feet in the development pipeline. #ColliersCanada #ColliersResearch #Toronto #ColliersAppraisal #IndustrialCRE

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The Toronto commercial real estate market faced challenges in the first half of 2024, with overall transaction volumes down 19% year-over-year. Industrial, office, and multi-family sectors saw significant declines, while the retail and hotel sectors experienced growth. The Bank of Canada's interest rate cuts have improved investor sentiment, but further reductions are needed to boost activity across all asset classes. Looking ahead, the market is expected to stabilize as long-term fundamentals remain strong, particularly in the industrial and retail sectors. Read more via Altus Group https://lnkd.in/gabnxXgx

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📊 Introducing JLL Canada's Global Occupancy Planning & Benchmarking Report! 🏢 Our latest report dives deep into the key trends shaping occupancy planning and real estate strategy. Gain insights into how various regions and industries are adapting their real estate portfolios to meet the evolving demands of the modern workplace. Key Takeaways: Hybrid Work Programs: These continue to revolutionize workplace planning. Balancing hybrid workstyles with space and technology requirements is crucial for success. Utilization Data: The top metric in our survey, this data is essential for understanding and optimizing hybrid workspaces. Tech & Analytics: Leverage advanced technology to enhance occupancy planning and workspace management. Diverse Space Types: Design workplaces that support a range of activities, from collaboration to focused work. Agile Seating: Evolving seat use and increased seat sharing are reshaping individual workspace needs. 📖 Why This Report Matters: This is a tool designed to help you understand and implement effective occupancy planning strategies, ensuring you make informed decisions about your real estate portfolios. For detailed regional or industry-specific insights, check out our methodology on page 34. Mason Lam, SIOR, WELL AP, Damien Mills, Derek Wiens, Ian Gillmor, Kara Dusseldorp, James McKenzie, Cody Watson, Ahmad R., Leslie Lis, Megan Keeler, Trish Pang, Tracy Ducharme #JLLCanada #OccupancyPlanning #RealEstateStrategy #WorkplaceDesign #HybridWork #OfficeLeasing #CalgaryRealEstate #CRE #GlobalTrends #Benchmarking #YYCcre #YYCre

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#TheBrownBook Comprehensive Guide to #Retail and #Restaurant #Tenants tracks the growth and contraction plans of nearly 12,000 #retail #spaceusers active in the #USA and #Canada. It tracks their plans plus their #realestate contacts and the geographies where they are active. Many other programs track one or the other. All are far more expensive than #TheBrownBook and none have the attention to detail and accuracy that we offer. If you have followed my career over the last 20 years you know that throughout it, I have released immense reports tracking the #demand side of the #shoppingcenter and retail equation. This publication is the culmination of all of that work—kept up daily my me and my crew. From #axethrowingbars to #veterinary concepts we track every category of tenant active in the retail arena. It’s the most mammoth undertaking of my career and one that has only been possible with my partnership with Gallelli Real Estate, the pre-eminent retail brokerage in Northern California. Come see it for yourself next week at #icsc #palmsprings. Stop by our booth and let me show you what Brown can do for you. Drop me a line at [email protected] to set up an appointment. Enterprise subscription rates are affordable for even the smallest firms. This is the most budget friendly business development tool in the marketplace. And one that strives for accuracy in a market where that often seems to be neglected. Come see me. If you want to see samples of the types of #chains we cover, check out free samples at our online bookstore at: https://lnkd.in/gGyuD42P Please note this is a fraction of the data subscribers get (it does not include real estate contacts) and that these samples don’t represent changes over the course of 2024 (they were done in January—the Brown Book tracks news daily and subscribers get this updated info each month).

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Q4 is 4 days old and the Q3 Reports are already rolling off the press at Colliers. A big thank you to Adam Jacobs, PhD, Peter Garrigan and the supporting team in research for getting #Colliers Q3 2024 Industrial Market Report out to market in such a timely manner. So here are the headline stats: - GTA Industrial Inventory grew QoQ by 1,377,099 SF and YoY by 15,158,9289 SF - GTA Industrial Vacancy decreased QoQ from 2.1% to 2.1%, blame the rounding for that statistic. Actual SF vacant declined QoQ to 17,656,202 SF from 18,400,791 SF (Q2 '24). Vacancy increased YoY from 6,863,038 SF (Q3 '23) - a 11,537 753 SF increase, which is less than the growth in inventory over same period. - GTA Industrial Availability increased to 4.0% (34,620,570 SF) QoQ from 3.7% (32,184,711 SF Q2 '24) and YoY from 1.8% (14,929,335 SF Q3 '23). - GTA Industrial average asking Net Rents declined QoQ to $17.79 per SF, from $18.17 Q2 '24 and $18.57 per SF Q3 '23. - GTA Industrial inventory under construction was relatively static QoQ (15,069,745 SF Q3 '24 from 15,682,010 SF Q2, '24). YoY UC inventory declined from 20,006,556 SF. Vacancy is stabilizing and availability has seen more moderated growth. In response to increasing vacancy and availability Market Rents have pulled back YoY, but this is a very generalized statement. Not all types/built forms of industrial product have experienced the same broad trends as discussed above and the same can be said for specific nodes with the GTA. None of the above paints a dire picture by any means, but a return to a healthy and balanced market for Landlords, Tenants and Investors. #ColliersValuation #IndustrialCRE #Appraisal #Industrial https://lnkd.in/gRnqGDA7

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Jamie Squires, as the President and Managing Broker of Fifth Avenue Real Estate Marketing Ltd., shares her insights on how this development will impact our industry and what it means and what potential outcomes this change could have on our real estate markets. https://lnkd.in/gQf_g3aR On June 5th, 2024, the Bank of Canada announced a surprising but welcome interest rate cut of 25 basis points, reducing its target for the overnight rate to 4 ¾, with the Bank rate at 5%. "The decision to lower interest rates is a strategic move by the Bank of Canada to stimulate economic growth and encourage borrowing. This reduction carries significant implications for the real estate market, particularly in terms of affordability and market activity." #realestate #interestrates #fifthavenuerem #fifthsales

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Key Insights from the Canadian Real Estate Forums   Last week at the Global Property Market conference held in Toronto, industry leaders gathered to discuss the evolving landscape of real estate. A standout session was led by Jim Costello from MSCI Inc., who shared crucial insights about the current state and future direction of the industry.   The Reality of Real Estate: The real estate market is cautiously stepping into recovery after a significant downturn in returns and investment activity. Despite a 4% increase in global deal volume in Q3 compared to last year, levels remain well below pre-pandemic averages. The recovery pace is varied, with European and Asia-Pacific markets outpacing the Americas.   Strategic Mindset Shift: Jim Costello highlighted a pivotal shift for real estate professionals: “It’s going to be more about building up income. It's about managing properties effectively, and that's just a slower growth type.”   It's become increasingly clear that property managers and owner-operators must leverage tools like technology, and adopt efficient management practices, to sustain growth and achieve steady returns. This approach ensures that properties are not only maintained but are fundamentally resilient business entities.   How are you adapting your strategies in light of these insights? Share your thoughts in the comments below, and please reach out to any of the DSA Team to learn more about how digital innovation and technology can help your business!   #REForum #GlobalPropertyMarket #CRE #Technology Canadian Real Estate Forums, Informa Exhibitions - Canada, Jim Costello, Lee Jackson, Jesse Michael

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If you are attending this year’s Canadian Apartment Investment Conference, be sure to check out our JLL Multifamily Team Lead Michael Betsalel, MBA in discussion with fellow panelists at 9:20am, in their session 2024 Investment Insights: Who’s Buying in Canada’s Multi-residential Market See you there! #CAIC2024 #jllcapitalmarkets

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We are pleased to share Colliers' Toronto Office Market Report Q3 2024: https://ow.ly/e3k050TIIiq Overall leasing volumes rose in 2024, driven by smaller deals. Factors behind this trend include the rise of private investors, a shift to hybrid work, growth in coworking spaces, tight financing, landlords investing in model suites, and reduced activity from large tech firms. #ColliersCanada #ColliersResearch #Toronto

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In case you missed it, watch the on-demand webinar, Unlocking profit in Canada’s CRE market: A private investor's guide to commercial real estate, powered by MoneyShow. 🎥 https://co.jll/4eUhZBq JLL leaders and fellow industry experts, explore: → Canada's commercial real estate market outlook → Multifamily investments in the Canadian multi-residential housing market → Canada's commercial real estate debt markets → What Canadian investors should know about the new capital gains tax changes #PrivateCapital #RealEstateInvesting #JLLCapitalMarkets Jacob Hayon, Edgar Buksevics, Michael Betsalel, MBA, Adam Budd, Scott Figler, Lisa Hannam, Robert Kavcic, MoneySense

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Results from our Q2 2024 CRE Industry Conditions and Sentiment Survey reveal a general slide in expectations for the Canada market highlighted by concerns for capital and credit availability, construction, property taxes, and expected net returns to equity. Read our top takeaways from the results of the Canada Q2 2024 CRE Industry Conditions and Sentiment Survey: https://lnkd.in/gtPPiCtb #CommercialProperty #CanadaRealEstate

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🚨 New Report Alert 🚨 Our JLL Canada research team has just published the Southwest Ontario Industrial Insight - Q3 2024, and the data points to some significant shifts in the market: - 1.49 million sq. ft. of new industrial space delivered in Q3, causing vacancy to rise to 4.1%. - Small-bay spaces remain in high demand, with tight availability and strong pricing. - Large-bay spaces are facing softer demand, driving landlords to offer larger incentive packages, including free rent and moving allowances. - Land sales are paused, but there is optimism that moderated interest rates will reignite transaction activity in 2025. The report provides valuable insights into current trends, leasing dynamics, and the outlook for the region. 👉 Dive into the full report for more details! Thank you to our JLL research team for their tireless efforts providin insightful and actionable data. Samas Amir Rehan Chad Piche Tristan Scott Scott Figler Luke Slabczynski Cabot Mackenzie Chris Kotseff Keith Schappert, Well AP Mallory Weldon Jaime-Lynne Coyle Alexandra Smith #JLL #IndustrialRealEstate #SWOntario #MarketTrends #Q3Update #RealEstateResearch

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The commercial real estate market is seeing a rise in demand for flexible office spaces. Businesses are adapting to hybrid work models, creating new opportunities for investors. This trend is particularly exciting for our community here in St. Cloud. The Greater St. Cloud area is booming with potential for investors looking to tap into the flexible office space market. With its historic charm, diverse business environment, and increasing foot traffic, it’s the perfect location for innovative workspace solutions. By investing in flexible office spaces, we can cater to the needs of modern businesses that prioritize adaptability and convenience. Whether it’s transforming older buildings into co-working hubs or developing new mixed-use properties, there are countless opportunities right here in our community. As businesses continue to seek spaces that support hybrid work models, the demand for flexible office environments in The Greater St. Cloud area is only going to grow. Let’s capitalize on these trends and work together to make St. Cloud a hub for forward-thinking commercial real estate developments. #CommercialRealEstate #MarketTrends #StCloud #FlexibleWorkspaces #HybridWorkModels #InvestLocal

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📊 Industrial Real Estate Insights: Trends in Tenant Demand JLL’s latest Industrial Tenant Demand Study offers a detailed look at key factors shaping tenant demand and preferences within the U.S. industrial market. While based on U.S. 🇺🇸 data, similar patterns are emerging in Canada 🇨🇦, emphasizing the widespread impacts of e-commerce growth, automation, and sustainability on industrial space needs. These insights highlight important trends for investors, developers, and occupiers as they navigate a shifting industrial landscape across North America. At JLL Canada, we’re closely monitoring these dynamics to support clients in making informed decisions. 👉 Click here to download the full report: https://lnkd.in/g4h5fPKN #IndustrialRealEstate #JLL #TenantDemand #Canada #RealEstateTrends #Industrial

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