Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. In this episode of the Commercial Real Estate Podcast, hosts Aaron and Adam connect with Gordon Wadley, COO of Dream Unlimited. Join them as they discuss the post-pandemic market dynamics, highlighting cautious optimism in occupancy rates and tenant behavior, with a shift towards shorter leases. Gordon addresses the challenges facing Class B and C office spaces and emphasizes the importance of ESG initiatives and community engagement. The conversation also touches on investment strategies and the complexities of converting office spaces to residential use. Listeners gain valuable insights into current trends and future outlooks in the Canadian office market.
Here are the key talking points from the episode:
- Market Dynamics and Optimism
- Tenant Behavior and Flexibility
- Office Occupancy: Trends and Demand
- Investment Landscape Disparities
- Cap Rates and Valuation Insights
- Challenges for Class B and C Office Spaces
- ESG Initiatives and Financing
- Importance of Amenities and Community Engagement
- Office Conversions and Market Viability
More about our guest…
Gordon Wadley is the Chief Operating Officer for Dream Unlimited’s Office REIT in Toronto, overseeing a mixed-use portfolio of approximately 10 million square feet across Canada’s major markets. Since joining Dream in 2011, he has played a key role in asset strategy, leasing, and operations in major Canadian cities, including Toronto, Ottawa, and Quebec. His extensive portfolio includes the Zibi sustainable development in the National Capital Region and Toronto’s historic Distillery District. Recognized as a Top 40 Under 40 by the Ottawa Business Journal in 2015, Gordon has led high-impact real estate strategies totaling over 14 million square feet.
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