Downtown Real Estate

[IanO]

Sure... and are a product of a product.

They provide options for all parties and often are very beneficial to both the lessee (sub-lessee) and lessor.

Point being that they serve an important function, but are not ideal if the prime lease sees contraction.

 

[archited]

^^^^ That's a big IF is my point. I don't believe there is a correlation between the two -- there is no evidence to the contrary.

 

[cliffapotamus]

Thanks for the replies. So i guess subleases going down, in this situation, means fewer main tenants trying to cut down on office space, indicating some confidence in the market and their future office needs?
idk, just curious. thanks for the help!

 

[IanO]

It means that more activity is occurring and eating up some of that vacant sublease space on the market. Often times sublease space is cheaper to offset the overall hit to the head lease tenant.

It's less about what 'main tenants' in this case and more about activity in the marketplace... a good thing.

 

[archited]

^^^^ On that I can agree. Anytime available space is reduced whether prime lease or secondary sub-let tenancies it means the market overall is moving in a positive direction; the reverse would not be good.

 

[IanO]

The Quarters as envisioned in 2013. We are now on year 9 of the 20 year buildout. How have we done?

 

[TAS]

Wow, I love this district. I don't think I've been there yet. Where is it?

But glad to see Sohi put this out there today with request to the province.

https://www.cbc.ca/news/canada/edmonton/edmonton-mayor-sohi-alberta-budget-transit-housing-covid-1.6330593

 

[CaptainBL]

We are now on year 9 of the 20 year buildout. How have we done?

Answer: not great.

Ironically, Gene Dub is in this and if that's any indication, this area turn around has been slower than even Gene Dub pace. So much potential so little momentum.

 

[archited]

Wrong direction!

 

[Greenspace]

Deville Coffee of Calgary is opening a location in SAMU facing 104 Ave. Looks like they’ll be able to have a nice sunny patio.

 

[TAS]

Ayco Cafe and bakery (also located in WEM) has opened up on Jasper Ave and 105 street.

 

[CplKlinger]

How have we done?

Here's the progress according to Edmonton.

 

[TAS]

Here's the progress according to Edmonton.

Looks like the site needs to be dusted off. Hasn't been updated for a while - I guess that tells some of the story.

 

[thommyjo]

Looks like the site needs to be dusted off. Hasn't been updated for a while - I guess that tells some of the story.

We need that private list to be 3 times bigger for there to even be momentum. This area could absorb, what? 20-30 projects easily?

 

[IanO]

Reference ID:	Job No 422211644-002
Description:	To install (2) Fascia On-Premises Sign(s) (AMII TOWER)
Location:	10065 - JASPER AVENUE NW Plan F Lots 1-5
Applicant:	FIVE STAR PERMITS
Status:	Intake Review
Create Date:	2/1/2022 3:02:44 PM
Neighbourhood:	DOWNTOWN