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Many companies have folded in the pandemic wake, leaving the commercial real estate industry in a pronounced state of chaos. Workers have fled city cores, resulting in large swaths of unoccupied office buildings, and there has been a decline in in-person shopping, inevitably impacting the retail sector. What will the future hold? Let’s consider various factors and use these to speculate what that future might be.

While pundits have recently noted the flight of large companies away from central business districts, another entirely different dynamic is beginning to unfold: workers returning to the office and benefiting from the experience.

Policymakers in Calgary are going full steam ahead with plans to convert office space in their city to alternate uses. Meanwhile, city officials in Vancouver are standing pat. What are the costs and benefits? What are the property tax implications?

Policymakers in Calgary are going full steam ahead with plans to convert office space in their city to alternate uses. Meanwhile, city officials in Vancouver are standing pat. What are the costs and benefits? What are the property tax implications?

We previously discussed the income method as a primary approach in valuation, and cap rates were core to that discussion. In this brief, we discuss the various dimensions of this critical concept.

Economists and urbanists comment on the hollowing out of downtown Boston that resulted from the pandemic. From initial impact to long-term implications, how will today’s occupancy rates affect municipal revenue requirements?

CRE investors throw around terms like A-Class, B-Class, and C-Class to describe office buildings. Though widely used, finding actual definitions for these terms can be challenging. Not only do we define these classifications, we provide a critical layer of clarity using examples.

He has been trying his best to sound the alarm. Who’s listening? Is any action being taken? Do his claims have merit, or could other factors be at play? Due to the rapid pace of market dynamics, assessment authorities face an ongoing challenge to keep up with the changes.

A simmering property tax feud between owners of prominent commercial real estate assets and local government reached a head over the last few weeks over the reversal of an appeal decision ruled in landlords’ favor.