Ross Moore

Vancouver Commercial Real Estate Expert. Constantly sharing insights into the Metro Vancouver CRE market. Reformed Real Estate Economist & SUP Enthusiast.

[Ross Moore @RossMooreCRE]

Since the beginning of #COVID, I've thought the multitude of #smallbusinesses that are critical to the downtown ecosystem, are most at risk and fear many won't be open when everyone gets back to the #office. Thanks @VancouverSun for the quotes. https://t.co/f1nPsAQ0Tt

[Ross Moore @RossMooreCRE]

No doubt there's been a shift in the office market. Not fully back, but a whole lot different than even 3-months ago. Industrial on the other hand just gets more insane. Don't hesitate to reach out w/ questions. #officespace #warehousespace #cresa #vanre https://t.co/3WRMI1cM3Y

[Ross Moore @RossMooreCRE]

Formally partnering with Hickey [a market leader in site selection, location strategy, labour analytics, and economic incentives advisory] is big news for #Cresa. Hickey's client list is a who's who of blue-chip companies. Should be interesting. #Analytics https://t.co/qM6TcJk8Ql

[Ross Moore @RossMooreCRE]

Another quarter and more records for Vancouver's #industrial market. Vacancy down, #rents up. Repeat. Hard to come up with superlatives that do justice to current conditions. #cresa #warehouseforlease #vanre https://t.co/z8xZTnPn0L

[Ross Moore @RossMooreCRE]

With leasing activity notably lower, it's tough to get a good read on the market, but there are now tentative signs the #office market has hit bottom. Whether there's a quick snapback is up for debate. Check out #Cresa's Office Report. #officespace #vanre https://t.co/uUKJKyzXnr

[Ross Moore @RossMooreCRE]

Another lackluster quarter for Vancouver's #officespace market, while the #industrialleasing market continues to shoot the lights out. #cresa #vanre https://t.co/VnsFFKg0Bp

[Ross Moore @RossMooreCRE]

Certainly interesting times. Office vacancies are sure to rise further, but it would be a mistake to think Vancouver office towers are about to empty out. As usual, the reality is more nuanced. @VancouverSun thanks for including @Cresa in your article. https://t.co/GaIcbtZdNy

[Ross Moore @RossMooreCRE]

Kind of a fun article. Vancouver Sun profiles Mount Pleasant development. Background info (and insight) happily provided by #Cresa. #mountpleasant #flexoffice #creativeentrepreneur https://t.co/ee7dRhyyRW

[Ross Moore @RossMooreCRE]

Year-end numbers show what many of us already suspected. Warehouse good, office bad. Occupied office space shrank by 639,000 SF in 2020 (compared to -769,000 SF in 2009), while industrial gained by 4.2 million SF. Same expected for 2021. #vanre #cresa https://t.co/MLdmu0EcJn

[Ross Moore @RossMooreCRE]

Haven’t seen any (large) Vancouver law firms “ditching” space - yet. But a few have just renewed where they are. Going forward, will be interesting to see what the lawyers decide to do. #officespace #wfh #vanre https://t.co/cStd7NxKLX

[Ross Moore @RossMooreCRE]

Using AI to analyze earnings calls (very cool) reveals corporate CFO’s are about to take an axe to #realestate costs. Yet every #landlord I hear talk says au contraire. We’ll have to see. #officespace #vanre
https://t.co/JEwzsMIzFL via @markets

[Ross Moore @RossMooreCRE]

Outstanding office space in one of North Vancouver's premier office nodes. Minutes from the Ironworkers Bridge, and an abundance of local amenities. Parking at no additional cost. https://t.co/HkVrb4JnMf

[Ross Moore @RossMooreCRE]

While not a standout quarter, Vancouver’s #industrial market put in a solid showing during Q3. COVID-19 fears seem to have abated, and now things are back to normal - kinda. Very different from office and retail. #warehouse #commercialrealestate #vanre https://t.co/FPM5tItmHv

[Ross Moore @RossMooreCRE]

While always dangerous to make projections during a crisis (this time a health crisis), but assuming only a modest giveback of space in the next year, the downtown #office leasing market is set to post double digit vacancies (10.1%) by the end of 2021. https://t.co/llYBCQ56Lh

[Ross Moore @RossMooreCRE]

I could pull lots of great quotes from my colleague's article, but I particularly like "The pandemic has provided a welcome, & in many cases, long overdue evaluation of the “9 to 5,” five days a week, at your desk, work" paradigm. Indeed, long overdue. @Cresa_Chicago #OfficeSpace

[Cresa @CresaCorp]

The future of #office space: Can you all be in the boat if working remote? via @REjournals. According to @Cresa_Chicago's Allen Rogoway, the answer to the question “What is the future of the #workplace?” has been right in front of us all along. https://t.co/SJgZmKIGIX

[Ross Moore @RossMooreCRE]

Deloitte UK is going from 50 to 46 offices. As office leases expire look for many companies to give careful consideration to whether they should also rationalize their real estate footprint. #workplacestrategy #remoteworking #OfficeSpace https://t.co/P8BjLUFAR1

[Ross Moore @RossMooreCRE]

Kudos to Robert MacDougall and the @CresaCalgary team. After almost 2 years, the former Calgary Sun building has been sold to U-Haul. Interesting change of use. #warehousespace #locationlocationlocation https://t.co/uinnIibgSc

[Ross Moore @RossMooreCRE]

"Office vacancies up sharply". No big surprise, but with Q3 in the books we can say the #downtownvancouver vacancy rate more than doubled YoY, from 2.2% to 5.3%, and during the quarter increased by 1.6 percentage points. Double-digit vacancy rates a near certainty. #OfficeSpace

[Ross Moore @RossMooreCRE]

Maybe the best line in the article is "The open office tried to improve the office-work status quo; the "dynamic workplace" has to convince people to even bother showing up." Thanks @JackBurns21 for sharing. #officespace #officedesign

[Jack Burns @JackBurns21]

Our enevitable journey to understanding the purpose of the office. Good WSJ article this morning https://t.co/1B5dx0eq9F

[Ross Moore @RossMooreCRE]

Despite being an "Ottawa" article, it's worth noting the Federal Government is Canada's largest occupier of #officespace, & as such, any move to reduce its footprint would have a sizable impact on many CDN markets. @cresa_ottawa #vanre #wfh @globeandmail https://t.co/FT2awy2DC8