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New listings in Calgary have dropped by a third from their multi-yr excessive on the end of final 12 months to their present multi-year low.
Even within cities, zoning rules add a layer of unwanted complexity to commercial actual property investments. ACTUAL PROPERTY MATTERS Right here what you can and certain cannot battle when a board suddenly adopts a rule that infringes on how you use your house.
Lab area is even tighter, with rents topping $71 per square foot on common, whereas the emptiness rate dropped to 3 p.c in the first quarter, according to real estate agency Transwestern.
Alnylam Pharmaceuticals this month negotiated a "right of first provide" arrangement with real property agency BioMed Realty Trust to occupy the building at 500 Kendall Avenue that now houses Genzyme —three years from now.
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