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FINDING A SPACE WHERE YOU WILL FLOURISH

prince william street high res croppedBy guest blogger, Laura Lunn – Marketing Assistant/Intern

Sometimes being a commercial real estate agent is not all about filling vacancies. It’s about finding the proper tenants that will flourish in their new space.

A daycare next to a lawyer’s office might not be the best option for either tenant, so to avoid any dispute and negativity another space might be recommended, where they will feel comfortable.

If you are a Tenant in need of space Step 1. Have a read of these short “5 Tips for Tenants” that will help you begin your journey.  Step 2. Call Stephanie

Source: www.bbb.org

Welcoming NBCC student Laura Lunn

Laura May 2015-2 resized 25%I’m thrilled to welcome Laura Lunn to our office in Saint John for a 5-week work practicum for the NBCC marketing program. The 5-week work term is the culmination of the 2 year program. We’re hoping to help Laura hone her marketing skills and to assist her in finding full time work in her field after her graduation this June.

We’ve only had her with us for a few days and she’s already helping us step up our marketing “game”. Watch for us around the uptown together over the next 4 weeks and if you are looking for someone with marketing skills…please stop us and say hello.

You’re invited to follow Laura on Twitter at @lauralunn888

or connect with Laura on LinkedIn HERE

#91KING residential design/floorplans

restored facade banner

The sky’s the limit for this former Woolworth’s building…literally! Zoning allows for up to 20 storeys. As an added bonus there are no heritage restrictions. What is the highest and best use? The ground floor must remain commercial (think shops, restaurants etc…) but the upper floors could be just about anything. Since Saint John is already experiencing high vacancy rates in the office leasing market, residential probably makes the most sense. Just imagine apartments and/or condos overlooking King’s Square. Floorplans have been designed to show what could be done including a proposed parking garage in the basement. Check it out…

Interested in seeing this in more detail? Click to download .pdf >>> Proposed Condo floorplan

Have ideas for this building? Tweet them! #91KING

How do tenants decide which building to take space in?

Price per square foot is a key factor but the financials are often very competitive. The decision to lease in one building versus another is often swayed by physical attributes.

Suite 101, 14 King Street. 1,842 s.f. office.

Tenants want to feel comfortable that the building they are moving to is going to be an asset to their company and that prospective employees will see it as an attractive place to work.  The three key elements are:

  1. Amenities: The “walkability” of our uptown created by the internal pedway system means that most of the amenities that tenants want are nearby.
  2. Aesthetics: Saint John’s inventory of heritage buildings offer the character that many people crave such as high ceilings and exposed brick & beams. “Historic buildings have a unique appeal that new buildings cannot duplicate {on the flip side} new buildings have the long-span, light-filled, flexible footprints and modern common-area finishes that are so attractive. Many buildings built from 1960 to 1990 are caught in-between, and if they remain un-renovated, often feel trapped in time.”
  3. Sustainability.  Only a few of buildings in Saint John are LEED certified.

Read more about what tenants want and the benefits of LEED certified buildings HERE via www.high-profile.com

Resurrecting formerly blighted parks & train tracks spurs economic development

Lessons learned from New York City’s High Line park

“The city had recouped construction costs within a year, as the corresponding uptick in property taxes in 2010 “surpassed the cost of constructing the park itself.” Former New York City Mayor Michael Bloomberg also touted the success of the High Line in 2011, when he told a crowd that it had led to more than $2 billion in private investment, according to the Times.

Given the success of the High Line, both as a public works project and a local economic engine, it’s not surprising that cities across the U.S. and elsewhere around the globe are moving forward with plans to resurrect formerly blighted parks and train tracks.”

Read the back story and further information HERE  via http://www.freeenterprise.com

PICS: my High Line photos from 2011