[archited]

^^^^ Which begs the question "change of use to what?"

 

[Avenuer]

^^^^ Which begs the question "change of use to what?"

A new use is being added (Auto Sales) to an existing auto repair shop.

 

[Stevey_G]

A new use is being added (Auto Sales) to an existing auto repair shop.

Doesn’t that shop only have like, five stalls?

 

[IanO]

Orange - U/C
Green - residential proposed or approved
Blue/green - mixed use proposed or approved
Pink - key redevelopment/surface lots
Military Green - new parks u/c or about to be

 

[Edmcowboy11]

Orange - U/C
Green - residential proposed or approved
Blue/green - mixed use proposed or approved
Pink - key redevelopment/surface lots
Military Green - new parks u/c or about to be

View attachment 375835

I do hope we see more orange sooner than later.

 

[Greenspace]

I believe Healy Ford DC2 expires soon, perhaps 2023.

 

[IanO]

2021 BOMA Edmonton Brokers Forum 2021 - View the presentations - BOMA Edmonton

Missed the event? Check out the video below. The annual BOMA Edmonton Brokers Forum is a gathering of commercial real estate business leaders to hear from the brokerage community. Taking place online this year, members and non-members met virtually on October 19. Four professionals...

bomaedm.ca

 

[IanO]

Canadian Urban Institute webinar this morning.

Sublease trending the right way.

 

[archited]

Just a suggestion, Ian... when you snapz an image to then post on Skyrise you might look to increase the pixel count so that your images aren't so blurry -- the blurriness detracts from the message that you are trying to convey.

 

[Platinum107]

Just a suggestion, Ian... when you snapz an image to then post on Skyrise you might look to increase the pixel count so that your images aren't so blurry -- the blurriness detracts from the message that you are trying to convey.

Everything is still legible, doesn't seem like that big of a deal if it's a little blurry imo.

 

[cliffapotamus]

dumb question; is sublease bad for the market, so we want less, or do we want more, or what? i don't get what the significance of this is.

 

[Avenuer]

dumb question; is sublease bad for the market, so we want less, or do we want more, or what? i don't get what the significance of this is.

It's basically 'subletting' commercial space. For example, say Stantec signed a lease for 100,000 sq. ft. of space in an office tower for 10 years, but they found 'efficiencies' and only need 50,000 of that. Instead of paying to have half of their space empty, they can choose to sublease that space in order to make some cash to cover that space that would've been empty otherwise.

 

[archited]

^^^^ I think you missed the gist of @cliffapotamus' question -- is it good or bad for the City to have a high or low rate of sublease?

 

[IanO]

Subleases are not ideal for it means contraction of the prime or head lease, but when we have sublease and need to find tenants for that space having some velocity and transactions taking place is a very positive thing (as above).

Ideally we will see the head lease tenant take that sublet space back to expand themselves and those former sublease tenants take their own spaces there by expanding demand for overall space and eventually leading to new supply.

 

[archited]

Subleases are not ideal for it means contraction of the prime or head lease

I whole-heartedly disagree -- one has very little to do with the other. They are just sequential elements -- in Edmonton's office market hay-day, sub-leases abounded.