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National Market Snapshot with Adam Jacobs and Daniel Holmes
Manage episode 355504448 series 2980026
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Colliers’ Adam Jacobs and Daniel Holmes have a candid, revealing conversation about the commercial real estate market, from the past quarter through the present and foreseeable future, on the heels of Colliers Canada’s National Market Snapshot Q4 2022.
Our two experts cover a whole range of hot topics, including:
- The surprises from 2022, which was “on track for the all-time record year”
- The return to office, now in its third year: what they’re hearing from landlords, occupiers and employees
- Challenges tenants are facing in this hybrid era, from technology to culture, and the effect on lease terms
- How the tight job market is influencing occupiers’ approach to remote or hybrid work: “This is the first recession with the tightest job market that ever existed.”
- The “flight to quality” the industry is seeing with regards to space, amenities and accessibility
- The Alberta rebound and its lure to neighbouring provinces
- Interest rates: who’s most impacted by the new borrowing costs and who stands to benefit
- The phenomenon of the suburbs outperforming downtown with lower vacancy and strong leasing momentum, and what it will take to draw people back downtown
- The industrial squeeze: Can the market stay this tight? When will it become a balanced market?
Tune in and get answers, insights, and food for thought, as the commercial real estate industry gears up for 2023.
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