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Introduction of the Forum Chairman
Chuck We, Director of Leasing, Oxford Properties Group Inc.
This opening presentation will examine the performance and outlook for 2013 for the BC economy, and the key emerging trends in the Vancouver region. What are major drivers affecting job creation in this market? What is the outlook for employment, population and economic growth for the Vancouver area and for BC in general and what is required in this region to maintain the competitive position? How do the prospects for B.C. compare with the outlook for other major Canadian cities and provinces? This session will feature leading opinions on the growth and activity for Vancouver and BC going forward.
Niels Veldhuis, President, Fraser Institute
What has the transaction activity been like in the Vancouver retail, office and industrial leasing markets over the past 12 months? How does the panel describe the deal flow and velocity in today’s marketplace? What are current occupancy rates, rental rates and where are they headed? What are the anticipated absorption rates for 2013? What is the profile of the tenants looking for space? This panel will offer the inside details on the latest developments coming on stream and discuss the implications the new project have on the marketplace and the impact on leasing activity.
Sandy McNair, President, Altus InSite
Please email Sandy McNair (email@example.com) to request the PowerPoint presentation.
Bart Corbett, Senior Vice President, Cushman & Wakefield
Jocelyne Legal, Director of Leasing, BC Region, Triovest
Stu Morrison, Senior Vice President, Colliers International
Chris Wood, Principal/Broker, Northwest Atlantic (Canada) Inc.
Come 2014/15 there will be 4 new office towers on downtown Vancouver’s landscape. How do these new buildings impact existing product? Will rents go up, down or maintain their current rate? What new technology is being placed into the new office spaces? What do the users want? Are the spaces being leased bigger or smaller than before? More and more companies are seeing telecommuting as an option for their staff; does this mean they don’t need as much space? Many companies are foregoing the traditional office and are moving toward open office plans, how do these new layouts affect the square footage that they are requiring?
Bill Tucker, CEO, OMICRON
Mark Chambers, Senior Vice President, Cushman & Wakefield
Maury Dubuque, Senior Vice President | Office Leasing, Manager | Sales Development, Tenant Advisory Services, Colliers International
Kevin Nelson, Senior Vice President, CBRE Limited
Susan Steeves, Principal, SSDG
Lisa Vogt, Partner, Practice Group Leader, Real Property and Planning, McCarthy Tetrault LLP
Lynda Darling, Partner, Real Estate, Bull Housser & Tupper LLP
Jeff Lim, Vice President, Leasing, Bentall Kennedy (Canada) LP
Derek May, Associate Vice President – Office Division, Colliers International
With more and more US retailers coming into the Canadian market, can local retailers keep up? What risk does the US invasion bring? Are US retailers gaining preference over Canadian retailers? Will smaller boutique stores succumb to bigger retailers taking over the marketplace? What risks does cross border shopping bring especially in light of the higher limits and Vancouver’s proximity to good US options? Why are there so many street level vacancies on Robson, Granville and Broadway? Are online sales taking over the need to go shopping in a store/mall? How difficult is it to lease a greenfield shopping centre in today’s market? How are retailers in BC fairing compared to other market’s? How are the proposed new outlet/super centre projects going to affect other retail stores?
Ed des Roches
Stephen Knight, President, Siting’s Realty Ltd.
Ed des Roches, Owner, Plum Clothing Ltd.
Lenora Gates, President, Orange National Retail Group (BC) Inc.
Brian Nosko, Director of Leasing, Shape Properties Corp.
Jason Schouten, Vice President, Northwest Atlantic (Canada) Inc.
Derek Page, Director, Real Estate Management, Oxford Properties Group Inc.
Adrien Deveau, Executive Vice President – Green Planning and Design, Halsall Associates
Lorina Keery, Energy & Environmental Manager, BOMA BC
Michael Kennedy, Vice President & Regional Leader, Stantec
Subleasing is increasingly significant and it is important for both tenants and landlords to understand the key issues and differences associated with these types of tenancies. What is a sublease? What are the major differences between a head lease versus a sublease, e.g. in assignment; tenants’ rights? As a tenant, how do you work with landlords in order to get consent? How are lease takeovers being structured? What is the tenant’s perspective on subleases? The landlord’s perspective? What is the difference between lease and sublease enforcement? How do you actually terminate the lease? How can lease provisions manage sublease activity without unduly penalizing the tenant? When can the landlord’s consent be reasonably withheld? Does the landlord need a third party agreement? With significant new office inventory coming on stream over the next few years how will sub leases play an increasing role in the Vancouver market.
David Mydske, Senior Partner, National Practice Leader, Commercial Real Estate Group, Borden Ladner Gervais
Steven Duyvewaardt, Principal, SDM Realty Advisors
Nancy Prenevost, Vice President, Legal, Real Estate Management, Oxford Properties Group Inc.
Peter Tolensky, Partner, Lawson Lundell LLP
Ron Bagan, Executive Vice President |Vancouver Industrial, Colliers International
Lawrence Green, President, Spire Development Corporation
Beth Harrington, Manager, Industrial Development, Beedie Development Group
Joe Inkster, Vice President, CBRE Limited
Jeff Juhala, Director Commercial Leasing, Concert Properties Ltd.
Gary Pooni, President, Brook Pooni & Associates Inc.
Andrew Laurie, Senior Associate, Office Leasing, Cushman & Wakefield Ltd.
Geoff Nagle, Director, Development, Western Canada, Morguard Investments
Gordon Wylie, Vice President, Development, Ivanhoe Cambridge
Housing affordability in Vancouver is pushing people to move further out of the city. How much of an impact does this have on office location selection. With the population growing outside of the city the Fraser Valley is a great growth opportunity market, there currently is a lack of supply however there is land which allows many to build to suit. There is a lot of transportation infrastructure being put in place which will allow for rapid growth. With many people telecommuting or working in their offices part-time, is space in the valley a more cost effective approach? What impact does transit have? How important is airport access to increased migration to and growth in the suburbs?
Bill Elliott, Principal, Avison Young Canada Inc.
Ryan Bragg, Associate Principal, Perkins + Will
Luke Gibson, Director, Office Leasing – Western Region, Ivanhoe Cambridge
Robert Paddon, Executive VP Strategic Planning and Public Affairs, Translink
Jeff Rank, Vice President, Development Projects, Bentall Kennedy (Canada) LP
Sally Mills, Principal, OMICRON
Dean Harris, Regional Sales Manager, Northwest, Steelcase
Joseph Pettipas, Senior Vice President | Principal, HOK Vancouver
Norm Taylor, Senior Vice President, Jones Lang LaSalle Real Estate Services Inc.
Cathy Wardlaw, Senior Program Manager Real Estate Services, TELUS Communications Inc.
As vacancy rates in office, industrial and retail markets decrease, what leasing strategies are being used today based on current and improving market conditions across Canada? Has Vancouver now become a “landlord’s market”? How would you describe deal flow and velocity in today’s market? What are the current occupancy rates, rental rates, etc. and where are they heading? What are the anticipated absorption rates for 2013 and beyond? What are the profiles of the tenants that are looking for space? How much of an emphasis is there on greener and more environmentally enhanced building in these market conditions?
Chuck We, Director Leasing, Oxford Properties Group Inc.
Tony Astles, Executive Vice President, Real Estate Services, Western Canada, Bentall Kennedy (Canada) LP
Michael Beattie, Executive Vice President and Chief Investment Officer, Grosvenor
Roman Drohomirecki , Executive Vice President, Operations, Central & Western North America, Ivanhoe Cambridge
Andrew McAllan, Senior Vice President & Managing Director, Real Estate Management, Oxford Properties Group Inc.