{"id":15614,"date":"2014-04-07T05:50:29","date_gmt":"2014-04-07T09:50:29","guid":{"rendered":"http:\/\/traceyarial.com\/blog\/?p=15614"},"modified":"2014-04-01T17:15:28","modified_gmt":"2014-04-01T21:15:28","slug":"achieving-growth-in-montreal","status":"publish","type":"post","link":"https:\/\/traceyarial.com\/blog\/en\/achieving-growth-in-montreal\/","title":{"rendered":"Achieving Growth in the Montreal Market"},"content":{"rendered":"

A lack of employment growth and political uncertainty are hindering major growth in Montreal now, but quality top-of-line buildings and good retro-fits will do well over time, says a key Quebec developer.<\/span><\/h1>\n

\"daniel_peritz_headshot\"<\/a>There is still a desire for quality,\u201d says Daniel Peritz, a senior vice-president with Canderel Management. \u201cI think that users now understand the greater relationship between the quality of their work environment and the productivity of their working staff. That spans across the urban and suburban environments.\u201d<\/p><\/blockquote>\n

There is a shortage of large office blocks in Montreal. Those that do exist are older and weren\u2019t physically designed to handle modern office requirements for occupancy, energy efficiency, electronics distribution, ceiling heights, washrooms, air quality, elevators and the size of exit stairs as they relate to the occupancy levels on the floor.<\/p>\n

Those that can\u2019t be retrofit to handle the new requirements must cater to \u201cless significant\u201d companies, which have lots of alternatives.<\/p>\n

In the mid-term, there could be buildings that we\u2019ve always seen as better quality buildings that slip ranks because they can no longer accommodate large users and they may end up just accommodating smaller users who don\u2019t have the same criteria in regards to occupancy that some of the larger national tenants do,\u201d says Peritz. \u201cBuildings with tenants that average 10,000 square feet in the last three years may end up with an average size down to 5,000 square feet five or ten years from now.\u201d<\/p><\/blockquote>\n

New projects, including the one by Canderel, are modulated within multiple phases to meet the needs of large national tenants who want large blocks now and the potential to grow or shrink with the market.<\/p>\n

Note: This article appears on page 24 of the\u00a0Spring 2014\u00a0<\/a>issue of Canadian Real Estate Magazine.<\/p>\n","protected":false},"excerpt":{"rendered":"

A lack of employment growth and political uncertainty are hindering major growth in Montreal now, but quality top-of-line buildings and good retro-fits will do well over time, says a key Quebec developer. There is still a desire for quality,\u201d says Daniel Peritz, a senior vice-president with Canderel Management. \u201cI think that users now understand the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[21],"tags":[236,235,231,233,96,232,234],"class_list":["post-15614","post","type-post","status-publish","format-standard","hentry","category-island-report","tag-canderel","tag-daniel-peritz","tag-employment","tag-growth","tag-montreal","tag-political-uncertainty","tag-quality","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-43Q","jetpack-related-posts":[{"id":15609,"url":"https:\/\/traceyarial.com\/blog\/en\/montreal_foreign_investment\/","url_meta":{"origin":15614,"position":0},"title":"Montreal attracts more foreign investment","author":"Tracey Arial","date":"April 1, 2014","format":false,"excerpt":"A skilled talent pool, low corporate taxes, high quality of life, a dynamic environment and a network of integrated companies in key industries make Montreal an attractive location for foreign investment. In the last ten years, people are coming here because there is a dynamic environment and the pool of\u2026","rel":"","context":"In "Island Report"","block_context":{"text":"Island Report","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/island-report\/"},"img":{"alt_text":"Anglade","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Anglade.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15618,"url":"https:\/\/traceyarial.com\/blog\/en\/montreals-diverse-economy\/","url_meta":{"origin":15614,"position":1},"title":"Montreal\u2019s Diverse Economy Appeals to Investors","author":"Tracey Arial","date":"April 21, 2014","format":false,"excerpt":"Montreal\u2019s size appeals to pension funds that have seen their real estate allocations going up, says Armand Des Rosiers, one of Montreal\u2019s key real estate experts. People understand that Montreal, being the second largest metropolitan area in the country, is a large market,\u201d says Des Rosier, who directs RBC Capital\u2026","rel":"","context":"In "Island Report"","block_context":{"text":"Island Report","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/island-report\/"},"img":{"alt_text":"download","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/download.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1874,"url":"https:\/\/traceyarial.com\/blog\/en\/olympicvillage\/","url_meta":{"origin":15614,"position":2},"title":"Olympic Village Purchase Demonstrates High Performing Asset Class","author":"Tracey Arial","date":"November 29, 2012","format":false,"excerpt":"Trading at record low cap rates means stability and income stream predictability When Canadian\u00a0Apartment Properties Real Estate Investment Trust (CAPREIT) finalized their purchase of the 980-apartment Olympic Village in Montreal on November 1, 2012, the company achieved their goal to become more geographically-diversified across Canada, while ensuring stable, predictable rental\u2026","rel":"","context":"In "Hundred Mile Circle"","block_context":{"text":"Hundred Mile Circle","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/hundredmilecircle\/"},"img":{"alt_text":"Olympic Village","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/OlympicVillage.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1268,"url":"https:\/\/traceyarial.com\/blog\/en\/laval-mayor-gilles-vaillancourt\/","url_meta":{"origin":15614,"position":3},"title":"Mayor Gilles Vaillancourt Resigned","author":"Tracey Arial","date":"November 20, 2012","format":false,"excerpt":"On Friday, November 9, Gilles Vaillancourt resigned after 23 years as mayor of Laval and almost 40 years in municipal politics. \u201cToday I am speaking to everyone who lives in Laval,\u201d he said. \u201cI\u2019m speaking to the people who have supported, encouraged and trusted me throughout my political career and\u2026","rel":"","context":"In "Politics That Matter"","block_context":{"text":"Politics That Matter","link":"https:\/\/traceyarial.com\/blog\/en\/category\/cultural-identity\/politics-that-matter\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1258,"url":"https:\/\/traceyarial.com\/blog\/en\/leed-certified-buildings-montreal\/","url_meta":{"origin":15614,"position":4},"title":"133 LEED Certified Buildings in Montreal","author":"Tracey Arial","date":"January 25, 2021","format":false,"excerpt":"The number of properties on the island of Montreal that are publicly registered as LEED projects has increased from 172 in 2012 to 258 today. 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That\u2019s the question many are asking as they get their bills for 2013. \u201cI have my tax bill for 2013 and it is $17,581.53 for the period from January 1 until December 31,\u201d said Philippe Sarrasin, the\u2026","rel":"","context":"In "Politics That Matter"","block_context":{"text":"Politics That Matter","link":"https:\/\/traceyarial.com\/blog\/en\/category\/cultural-identity\/politics-that-matter\/"},"img":{"alt_text":"Canadian Corporate Taxes","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Corporatetaxchart-600x279.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Corporatetaxchart-600x279.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Corporatetaxchart-600x279.jpg?resize=525%2C300 1.5x"},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/15614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/comments?post=15614"}],"version-history":[{"count":2,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/15614\/revisions"}],"predecessor-version":[{"id":15617,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/15614\/revisions\/15617"}],"wp:attachment":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/media?parent=15614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/categories?post=15614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/tags?post=15614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}