Lack of supply is forcing companies to buy old buildings, which they either rehabilitate or tear down preparatory to rebuilding.
Apparently, REITS and institutional investors are vying against companies who want to own rather than lease.
Those rates don’t apply to some of the space in older industrial areas of the city, he noted. Getting into a new building is easier because improvement costs are high, which has resulted in the 71st Street area filling up quickly.Article content Now, it won’t take long for it to sell, “even with the motel having to be removed,” he said. “New land is far more expensive than it is to demise that structure.”
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Letter: Union rally in Saskatoon tried to sway Saskatchewan governmentA union rally was called to send a message to the Saskatchewan Party that they must protect health care and education, says a reader.
Read more »
Saskatoon woman's death is city's fifth homicide of 2023Two women aged 42 and 37 have been charged with second degree murder and are scheduled to appear in court on Monday. yxe
Read more »
BHP Potash executive promotes technology careers for Sask. womenThe company put on its first-ever Saskatoon event focusing on women in tech. yxe
Read more »
Sports briefs: Saskatoon Valkyries advance to WWCFL Prairie Conference FinalWeekend results from the Saskatoon and area sports scene. valkyriesyxe yxe
Read more »
Women charged with murder in Saskatoon's fifth homicide make first court appearanceTelsa Jade Morin and Linda Florence Gladys Sutherland made their first appearances in Saskatoon provincial court Monday morning.
Read more »
'Another step forward' as Pride flag raised at Saskatoon City HallThe event was part of the kickoff for the city's Pride festivities, which will continue all week and culminate with a parade on Saturday. yxe
Read more »