Chew's News

Know How Much Space You Need When Leasing Office Space

Posted by Greg Chew on Sep 14, 2017 9:21:20 AM

Finding the right size for your office space in Niagara is critical. Having too much space could leave you spending more than you need to. Having too little space could hinder your business. It is helpful to calculate not just how much space you need immediately, but how much you might need in the near future. Working with a commercial real estate broker can help you determine your needs.

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Topics: Commercial office market

Signs You Need to Find New Office Space

Posted by Greg Chew on Nov 14, 2016 10:57:21 AM

Is your office space no longer functioning for your business the way you had planned?  It can be easy to ignore the signs. Moving is a tedious tasks and uproots not only your employees, but all of your accumulated files, supplies and furniture.

However, not having an office space that is conducive to productivity can be more damaging than the stress of a move. If you feel that your current office space is no longer the right environment for your business, you are probably right. Below are a number of telling signs that you may need to find new office space.

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Topics: Commercial office market

Medical Office Space: How to find the right space and location

Posted by Greg Chew on Oct 27, 2016 12:08:26 PM

Finding the right medical office space can be a challenge.  New office space is still at a premium in Niagara and many older, suitable offices for medical professionals are being leased long term which leaves little space reaching market.

When searching for medical office space in Niagara, it is in your best interest to hire a commercial real estate agent who specializes in leasing medical units. Your representative will be aware of available space within the region and, opportunities for build to suit. Additionally they can help you negotiate your lease and structure your terms accordingly.

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Topics: Commercial office market

3 things to consider when choosing an office space in Niagara

Posted by Greg Chew on Jul 29, 2016 1:42:41 PM

Your office space is where your company lives and breathes. Choosing a new commercial office space should be a heavily researched and weighed process. As you are aware there are many facets that factor into the decision to lease or buy a new space. They start with your business needs and your business needs extend out to cover location, size and layout to start.

In Niagara, available commercial office space comes with many options and many locations.  Aside from the surface factors that weigh into your decision making process, here are three more things to keep in mind when searching for office space in Niagara.

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Topics: Niagara, Commercial office market

Striking the right balance with mixed-use building investments

Posted by Greg Chew on Mar 11, 2016 12:27:34 PM

source: Alastair Wallace / Shutterstock.com

Mixed-use commercial property investments continue to grow in popularity across North America. They are the right option for upward development in highly populated areas and can offer a steadier revenue stream to owners than a single-use investment  

Mixed-use buildings are unique in that as an owner you are privy to two very different types of tenants who both bring their own value. However, the interests of residential and commercial tenants vary greatly. This is why the right balance must be struck between creating pleasurable amenities and situations for all tenants in order for the investment to be and remain successfully leased.

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Topics: Commercial real estate investment, Commercial office market

How traditional retail is staying relevant with click and collect operations

Posted by Greg Chew on Jan 26, 2016 3:21:10 PM

Talk of brick and mortar retailers being pushed out of the market by their online retail competitors has been circling the retail world for a number of years.

But if you look at Retail Insiders list of retailers expanding into or within Canada in 2016, this concept seems refutable. There is, to take from the publication, “[a] remarkable growth in both new retailers entering the country as well as those expanding existing operations.” (source)

There are major flaws in the online retailing world, especially in the eyes of the consumer and much of it comes down to shipping issues and identify theft fears. However, online retailing is not going anywhere and continues to eat up a major portion of the market and so brick and mortar retailers look to new ways to compete.

One way that brick and mortar retailers are increasingly standing up to online competition is by introducing the option of click and collect.

 

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Topics: Commercial office market

3 quick benefits of purchasing office space

Posted by Greg Chew on Dec 17, 2015 1:42:07 PM

Purchasing an office building is a commitment and is not the right decision for every business. There are certain circumstances that position a business in the right space to purchase and others that position leasing as the best option for a business.

This article covers a number of the benefits of purchasing office space.

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Topics: Niagara, Commercial office market

Why sustainable buildings out perform non-green builds

Posted by Greg Chew on Dec 2, 2015 10:03:26 AM

 

Recent research published in the September issue of the Journal of Portfolio Management, has revealed that green or sustainable buildings across North America are experiencing higher rent, occupancy levels, lease renewal and overall tenant satisfaction scores.  

Results from the survey also reveal that those buildings holding sustainable certification continuously outperformed non-green buildings.

Green decision making has become big business in Canada, research suggests that by 2017 over 60% of all new construction projects will be green.

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Topics: Commercial development, Niagara, Commercial office market

How to get the most out of your office space

Posted by Greg Chew on Nov 20, 2015 1:34:14 PM

Finding the right office space in the Niagara commercial real estate environment is a struggle for many businesses. Most tenants and investors want similar things; high quality office space at the best price possible. Your commercial real estate broker will aid you in finding the right space, but there are three factors you can consider yourself to help find the right space for a the right value.

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Topics: Commercial office market

5 strategies for attracting commercial tenants

Posted by Greg Chew on Nov 12, 2015 11:14:00 AM

When a commercial property becomes vacant, your goal turns to attracting tenants as quickly as possible.

Attracting tenants requires a marketing strategy and a thorough understanding of your asset and the market. I’ll offer the following tips:  

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Topics: Commercial office market

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All blog entries on this site are the opinion of the author(s) and not those of Colliers International. Colliers International neither endorses sponsors nor necessary shares the opinions of the author(s), regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers International. Colliers International has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by Colliers International. Colliers International is not responsible for the monitoring or filtering of any blog, nor does Colliers International claim ownership of control over any blog.