Article content continuedRegional data in the U.S. also showed varying levels of decline in office demand. Commercial real estate company CBRE Group Inc. reported that 3.6 million square feet of…

Article content continuedThe reason for rent control, she believes, was ultimately to ensure tenant security, because there was a tacit acknowledgement by governments that housing is not just a commodity.“You…

Article content continuedMore On This TopicFor the months of April, May and June, RioCan collected 73.3 per cent of its rent on average — 7.7 per cent of rent was…

Article content continuedOther than the odd one ... nobody has built a mall in 25 years. There’s a reasonEd SonshineSonshine said the top 20 malls in Canada, such as the…

Article content continued“Today we’re leasing greater amounts of space to people than they had before. They want to accommodate their people and get them back quickly,” the company’s CEO Bruce…

Article content continued“The 2020 numbers are for the first 12 days of June. The 2019 numbers are for the entire month of June 2019. So, as you can see, there…

Article content continuedBut for Zelaya, it’s too little too late.“I have lost at least $10,000 in equipment and merchandise that was in the property because I was locked out by…

Article content continuedUnlike landlords who hold retail real estate, office real estate owners are likely to fare better with rent collection. With malls closed during the pandemic, their tenants face…