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Why those waiting for a return to normal in commercial real estate will get left behind

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Invanhoé Cambridge CEO Nathalie Palladitcheff says adaptation is key to success in commercial real estate in 2023. Find out more.

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Palladitcheff, who was recently appointed as chair of the Real Property Association of Canada , the main industry group representing the country’s commercial real estate giants, said she tells her team that waiting for that recovery is not an option.Article content The good news for Canadian landlords is that office real estate markets here have weathered the storm better than some. Canada still boasts three of the five lowest office vacancy rates in North America and a stable national retail vacancy rate of 8.5 per cent, according to Colliers International.Photo by Ryan Remiorz/The Canadian Press

She said that the landlords who are able to hang on in 2023 are going to be the owners of sustainable A-class commercial spaces.

 

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Why those waiting for a return to normal in commercial real estate will get left behindInvanhoé Cambridge CEO Nathalie Palladitcheff says adaptation is key to success in commercial real estate in 2023. Find out more.
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