Global uncertainty, what\u2019s happening in Europe and the slowdown in Asia is affecting real estate demand in Canada but it\u2019s still solid.<\/p>\n
Businesses are still making decisions, which is very good, unlike in 2009. Most of the new development opportunities that we\u2019re seeing are the result of a tremendous focus by our users on productivity, whether that\u2019s the consolidation of multiple office locations into a new building or new premises for operational synergies and efficiencies or whether its retailers looking for new more flexible formats and sizes that accommodate a greater emphasis on online retailing.\u201d<\/span><\/p><\/blockquote>\nProductivity is driving every real estate sector in Canada.<\/p>\n
Large stores are shrinking and moving to on-line retailing. Industrial clients are focussing on new modern forms of distribution. People are buying homes in downtown cores to avoid long commutes. Even the new trend towards ESG \u2014 environmental, social governance and sustainability \u2014reflects concern for productivity.<\/p>\n
\u201cThe most sustainable and efficient buildings have lower operating costs; they have higher tenant satisfaction, higher retention and therefore ultimately higher value,\u201d says Whitelaw.<\/span><\/p><\/blockquote>\n\u201cCanada has done well on that global dimension but I think we need to make it a priority. We will see greater differentiation over the next decade between corporations that recognize that this has become a priority and those that become functionally obsolete because they haven\u2019t.\u201d<\/span><\/p><\/blockquote>\nNote: This article was published on p 55 of\u00a0Canada’s Leading Real Estate Forum, Toronto, Winter 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"
Increased Emphasis on Productivity, Sustainability and Efficiency in Coming Years \u201cReal estate merely houses the world around us and we need to be responsive to global changes,\u201d says Gary Whitelaw,\u00a0Bentall Kennedy’s CEO Global uncertainty, what\u2019s happening in Europe and the slowdown in Asia is affecting real estate demand in Canada but it\u2019s still solid. Businesses […]<\/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":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[82],"tags":[],"class_list":["post-1895","post","type-post","status-publish","format-standard","hentry","category-international","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-uz","jetpack-related-posts":[{"id":15614,"url":"https:\/\/traceyarial.com\/blog\/en\/achieving-growth-in-montreal\/","url_meta":{"origin":1895,"position":0},"title":"Achieving Growth in the Montreal Market","author":"Tracey Arial","date":"April 7, 2014","format":false,"excerpt":"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\u2026","rel":"","context":"In "Island Report"","block_context":{"text":"Island Report","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/island-report\/"},"img":{"alt_text":"daniel_peritz_headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/daniel_peritz_headshot.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1831,"url":"https:\/\/traceyarial.com\/blog\/en\/peter-ballon\/","url_meta":{"origin":1895,"position":1},"title":"Going in Partnership Where Markets Lead","author":"Tracey Arial","date":"November 28, 2012","format":false,"excerpt":"\u201cWe invest with the intention of holding the real estate indefinitely,\u201d says Canada Pension Plan Real Estate Expert The real estate market has been particularly hot over the past couple of years, but it\u2019s likely to quiet down now. \u201cLast year and the previous year were great years to be\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Ballon headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Ballon.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15667,"url":"https:\/\/traceyarial.com\/blog\/en\/vancouver_office\/","url_meta":{"origin":1895,"position":2},"title":"Growth, Transit and Desires Drive Vancouver Office Development","author":"Tracey Arial","date":"May 10, 2014","format":false,"excerpt":"Almost four million square feet of new office construction is currently underway or proposed within downtown Vancouver and its surrounding suburbs. Almost all of the new space in the downtown core is pre-leased, but the suburban half won\u2019t be so quickly absorbed, says Deloitte\u2019s real estate director, Jennifer Podmore Russell.\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"59428_1391703852_jenniferpodmore","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/59428_1391703852_jenniferpodmore-300x204.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1999,"url":"https:\/\/traceyarial.com\/blog\/en\/legends-calgary-real-estate\/","url_meta":{"origin":1895,"position":3},"title":"Legendary Success in Real Estate Investment","author":"Tracey Arial","date":"October 30, 2012","format":false,"excerpt":"Real Estate Experience Helps When Negotiating Trends, Risks and Opportunities in Calgary What does it take to build success over time in the Calgary market? Great real estate investment is all driven by risk assessment,\u201d says Jon Love, a managing partner with KingSett Capital and former head of Oxford Properties\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Love headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/jonlove.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15618,"url":"https:\/\/traceyarial.com\/blog\/en\/montreals-diverse-economy\/","url_meta":{"origin":1895,"position":4},"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":599,"url":"https:\/\/traceyarial.com\/blog\/en\/kpmgtransitionadvice\/","url_meta":{"origin":1895,"position":5},"title":"KPMG’s Transition Advice","author":"Tracey Arial","date":"June 14, 2012","format":"quote","excerpt":"The executive summary (PDF 585 KB) of the Expect the Unexpected: Building Business Value in a Changing World report shows that population growth, exploitation of natural resources, climate change and other factors are putting the world on a development trajectory that is not sustainable. In other words, if we fail\u2026","rel":"","context":"In "Journalism"","block_context":{"text":"Journalism","link":"https:\/\/traceyarial.com\/blog\/en\/category\/writing\/notable-nonfiction\/journalism\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1895","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=1895"}],"version-history":[{"count":25,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1895\/revisions"}],"predecessor-version":[{"id":1921,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1895\/revisions\/1921"}],"wp:attachment":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/media?parent=1895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/categories?post=1895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/tags?post=1895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"Whitelaw](\"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/GaryWhitelaw.jpg\")
<\/a><\/p>\n