Vancouver Commercial Real Estate Podcast

There is no question the hospitality sector has been hit the hardest by the COVID pandemic. One of Vancouver's most prominent restaurant CEOs joins Cory this week to discuss the challenges the industry has had to overcome to survive and what the future of the business looks like. The Glowbal Group operates 10 locations that are some of the premiere restaurants in the Greater Vancouver area; their CEO Emad Yacoub discusses how they survived losing more than $110,000 per day, managed a payroll of over 900 employees when the COVID shutdown hit, and what the Glowbal Group has in store for the future. The former Restaurateur of the Year provides his insight of what is next for the industry and what challenges still lie ahead while shedding some light on when he expects sales to get back to pre pandemic levels. This is a must-listen episode, as the hospitality sector is one of the largest employers in the province and the lifeblood of the downtown Vancouver scene!

Ever wonder about that 5' x 5' self storage unit that you rented for $110/month to store all that crap you never use? This week Cory and Adam welcome Pat Wood, formerly one of the, if not THE authority in self storage appraisals and consulting to discuss why this asset class has seen a huge run in the past couple of years. Pat breaks down what the self storage asset class is, why there seems to be so many popping up as of late, and what investment angles exist if you wanted to partake in the success of this booming industry. He sheds some light on the science behind the self storage business and why some locations work much better than others, plus what other types of business are now being paired up with self storage to offer a diversified investment option. Anyone want a cash wash before you drop off your items to your self storage unit?? After this episode, you will never look at that overpriced storage locker the same way ever again!

Ever wanted to buy commercial real estate but never felt you had the financial ability to do so? This week, Cory and Matt welcome Mitch Jarvi from the new crowdsourcing investment platform Addy. Mitch walks through the new opportunities Addy offers to its members by acquiring shares in various commercial real estate properties for as little at $1.00 and up to a maximum of $1,500.00 per property. Each opportunity offers different risks and returns based on the property type and location. Addy allows its members to customize their portfolio of commercial holdings similar to buying a single song on iTunes vs having to buy the whole CD to get the one song you are after. This new crowdsourcing approach makes commercial real estate affordable for anyone looking to enter the market place.

What asset class has the lowest vacancy rate in North America, surging demand from tenants, and seems to be annually increasing lease rates? This week, Cory welcomes Connor Braid, Managing Broker from William Wright Commercial's Victoria office, to discuss the industrial asset class in Greater Victoria. Boasting a vacancy rate of less than 1% and continued increasing demand post-pandemic, the industrial market in Greater Victoria could be the hottest commercial opportunity in North America and one of the best investments out there...that is, if you can even find property to purchase. Connor breaks down why absorption of this asset class is so high versus its counterparts and why an unprecedented amount of new supply coming to the forefront in the coming years is nothing to worry about. You don't want to miss this episode, as this could be the amazing investment everyone is looking for!

Ever wonder how an appraiser or bank views your purchase? This week Cory welcomes Thomas Wieckowski to break down the appraisal process, how to value risk, and how a bank views your property. A must-listen-to episode if you are thinking of buying or have purchased commercial real estate to ensure you get the best value for your dollar. Thomas sheds some great insight for your next commercial purchase and what to consider during the offer process!

What tax benefits does commercial real estate offer, Want to buy a commercial property and avoid paying property transfer tax? Cory and Adam welcome John Juranyi from Davidson & Company Accountants to discuss tax tips and benefits of owning commercial real estate. John provides in site on how buy the shares or company vs the commercial asset to avoid property transfer tax and ways to defer capital gains on the sale of commercial real estate. A must listen to episode for everyone who owns or looking to own commercial real estate.

The world of insurance has faced unprecedented challenges over the last few years, with the result being expensive premium & deductible hikes that have the potential to destroy your bottom line. Chief Operating Officer of Real Estate Owners and Managers Insurance Agency, Derek McCoy, sits down with Cory to break down the causes, concerns, and costs of insuring commercial real estate today in BC. What do you need to know before you buy? How can you mitigate against the risks of rising costs? And what are the key factors to watch for in the years to come? Notebooks out!

Are you looking to buy commercial real estate but have no idea how to take care of the property? No worries; Cory welcomes Warren Smithies CEO of Martello Group, one of Western Canada’s leading commercial property management companies, with over 5,000,000 SQFT under management. Warren walks you through the benefits of having a professional management company oversee and manage your property which will lead to increased value for owners without having to lift a finger. COVID 19 impacted landlords all over the world and here first hand what Warren’s portfolio has experienced and here how they prepare as BC is entering the first stage of the reopening plan.

Who has the dirtiest job in commercial real estate? Cory welcomes Shane Rigter from Next Environmental, a leader in environmental testing in the commercial real estate industry. When buying a commercial building or property, ever wonder how the soil can impact your purchasing decisions? Shane breaks down what this is all about and how federal and provincial regulations have impacted this part of the industry. All commercial land owners, and future land owners, need to grab a notepad, pull up a seat, and hear how the dirt below your feet can affect you buying the building above the surface. 

Ever wonder how tenants and landlords coincide for 5, 10, or sometimes even 20 years together? Cory welcomes Scott McInnes founder of McInnes Law Group breaking down what a commercial lease is, how it applies to commercial real estate and how it differs from residential leases. Scott walks you through what you need to know whether you are looking to become a landlord, a tenant looking to open your first business and how COVID 19 has impacted commercial leases forever plus our best MLG 6-pack yet.........Mobb Deep anyone? If you have ever thought of investing in commercial real estate this is a must listen to episode.