Ross Moore

03/27/2018

Cresa is proud to offer (via sublease) arguably the best office space in Burnaby. Checks all the boxes; on SkyTrain, open-plan, multiple building amenities, great retail, and stunning views. The best of downtown but the convenience (and affordability) of the suburbs. https://bit.ly/2I88PCj

03/23/2018

Can we stop talking about office-space in such a generic way? Look at this image and tell me how they are similar. The gulf between old-gen and new-gen (more efficient) space has never been more apparent. Is your office space cutting it?

03/22/2018

Yesterday I posted how Denver landlords are competing for tenants. For example, Lyft credits for suburban tenants (https://bit.ly/2G3xLdC), but similarly, employers need to compete for employees, especially in cities such as Vancouver. How about offering dog sitting/walking services to employees who have to travel. Just a suggestion. Check out https://bit.ly/2ptyiiU

03/21/2018

Great piece put out by our office. Interesting to see how they compare and contrast vis-a-vis downtown and suburban buildings. See the reference to kombucha! Denver & are clearly twin cities!

Because of our position as a tenant rep brokerage firm, Cresa was recently asked by the Colorado Real Estate Journal to speak to property managers about how older buildings can compete with A and B class buildings.

03/20/2018

Real estate & transit infrastructure go together like peanut butter and jelly, so 2 recent news items are worth noting. 1) - demolition & replacement of the viaducts http://bit.ly/2tY6rMi 2) - $7.1bn for transit including Surrey LRT & Broadway line). https://tgam.ca/2DH9Lei

Plan for northeast False Creek creates ample park space but carries hefty price tag

03/16/2018

This chart is similar to the MLS units sold to units listed ratio. In a rising market, more units are sold than listed. Same with leasing. In the last 90 days 297 office spaces leased across the metro region, 281 listed (*38 removed), ergo rising market (and rents).

03/15/2018

Construction update. Work is most definitely underway development at 402 Dunsmuir - photo taken Mar 14. Same with Burrard Place office tower at 1290 Burrard - photo taken Mar 15.

03/14/2018

This Whitepaper isn't meant to scare potential (and existing) lessees, but it does present a fairly exhaustive list of issues every occupier should consider. Note to Vancouver readers, the comments are a bit NYC centric, but still worth the read.

Regardless of which party has the advantage at the time, Landlord or Tenant, an extensive list of issues must be considered and resolved throughout and sometimes up to the final moments of completing a transaction.

03/13/2018

Just revised my downtown office development slides. Now including downtown fringe markets - Railtown and False Creek Flats. So many moving parts and so many groups all anxious to build Vancouver's next great office/workplace. http://bit.ly/2Ikp3cp

03/09/2018

Interesting quarter. # of space leasing trans down in Q4, but leasing volume/SF was up. Tech took a big jump up to 39% of leasing activity compared to 20% last quarter. http://bit.ly/2kpjFgd

03/08/2018

We may have dodged a big bullet for now, but if you're a developer behind any of Vancouver's next wave of office towers by Oxford Properties, GWL Realty Advisors, Reliance Properties, Westbank, Bentall Kennedy, Bosa Development et al, higher steel & aluminum $$$$ are really BAD.

The president raises levies on foreign steel and aluminum in hopes of reviving fading domestic industries. But imports from Mexico and Canada will be spared for now.

03/08/2018

Congrats to & for a terrific event today covering 2 key topics; 1. Housing affordability & 2. Public Policy aka the most recent provincial budget. , Eric Carlson , and BMO's Greg Vriend all agreed (somewhat) gov't is not the solution.