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Office Properties

Measuring your Commercial Property

In residential real estate room sizes are required, in commercial, it is less about room sizes and more about total square feet – and in leasing it is about useable and leasable area. If you haven’t already done so I strongly recommend having your space or property measured by one of a number of professional…

When is a lease deal “Closed”?

Tenant Representation

This varies from landlord to landlord. Usually it is when the lease is signed by all parties; Sometimes it is when the tenant is occupying the space; Sometimes it is when the tenant is open for business and can show the landlord they have paid for all their leasehold improvements (most often with big retail…

Helping tenants understand landlords’ decisions

Tenant Real Estate Representation

Sometimes when I am working with a tenant we find space that may have been vacant for some time, and the tenant logically suggests we put in an offer well below asking rents since the landlord may be desperate. Sometimes they are but usually they refuse to even discuss the low bid. Why ? Especially in…

Land prices in GTA

I use the term land “prices” rather than land “values” as land has no intrinsic value as in a development with infrastructure and buildings. Having just completed an industrial land search from Mississauga to Hamilton, and planning further searches for specific clients, I can say that prices are climbing and recent deals are really eye…

Commercial Leasing – is it TMI or TMIM?

Tenant Representation

To review, TMI stands for Taxes, Maintenance and Insurance, and on a net lease it allows the landlord to recoup direct costs of ownership from the tenant. Each year the costs are tallied and a new TMI charge is calculated. Some landlords want to charge for management as well, and slide in a management charge,…