Is commercial real estate in a growing crisis? Despite many efforts by companies to bring back staff, vacancy rates here in Canada and in the US remain around 20%.
Can the proposed ideas around conversation to MIXED-USE arrangements present a great solution? With the topic of “housing shortage” hitting the headlines daily, the conversion to 1 bedroom suites in just a small number of these commercial buildings can be a huge win!!!
What are your thoughts? Does not look like many commercial tenants are lining back up to eat up this available space.
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