Huge opportunity to transform their business to make it more competitive, which is a serious problem for Canadian business. Pleasanton real estate conducted a fundamental research of productivity in comparison with other countries and found a growing gap, which was widely discussed in the media.
Industry players have benefited from tremendous investment opportunities, asset development, services and property management. As shown, on the contrary, almost all asset classes have grown, including office buildings, retail facilities, as well as industrial and residential buildings and pleasanton homes. In fact, there is a direct correlation between population growth and employment, as well as growth and real estate results. As a business expands, the demand for space increases in proportion to hiring new employees or adding new products or services. In the office and industrial buildings sector, the demand and rental of premises has remained generally positive over the past 30 years.
Productivity, determined by the level of production per hour of work, is a key factor in global competitiveness. Unfortunately, productivity is not growing as fast as in the United States. In fact, since 1981 this gap has been steadily widening. Now it is 23% and continues to grow, and this trend is stimulating business, corporation and government. takes strategies to narrow the gap and increase productivity very seriously. If you look at this gap, the difference between the level of employment and the number of working hours in Canada and the United States is small. However, hourly production is lower, and many Canadian companies are lagging behind their American counterparts. Commercial users, whether tenants or homeowners, also have difficulty offering competitive products and services at the lowest cost in the global market. Over time, this gap in productivity can lead to serious consequences for the standard of living, which portends trouble for the future.
There are many reasons for this, including: risk aversion among business owners; inefficiency and inadequacy of innovation support; insufficient investment in machinery and equipment and information and communication technologies; lack of venture capital for startups; Increased competition for talented employees around the world.
Other factors contribute to widening the productivity gap, including firms’ tendency to avoid competition, as evidenced by the relatively low intensity of exports compared to other parts of the world. Investments in information and communication technologies are also lagging behind in three areas that make a huge contribution to our economic indicators: mining, oil and gas; production (indicator for industrial premises); and the financial sector (indicator for office space).
Most wanted apartments continue to show very high returns, especially in the business sectors of major markets, where the share ranges from 4% to 5%. If supply and demand are well balanced in terms of investment, this is mainly because pension funds and institutional investors have acquired most of the large buildings in the center and continue to be very careful in constructing new buildings. The vacancy rate in offices, both in urban centers and in the suburbs, remains lower than in the markets, due to the cautious approach of large real estate investors.
In the country, the share of vacancies in office buildings currently stands at 7.6%, mainly due to the balance between the markets of homeowners and tenants. A level lower in the city center – 5.0% – is a situation that is largely conducive to homeowners. To meet tenant demand, 3.5 million square feet are being built, and deliveries are expected between 2014 and 2016. Therefore, the office space market in the city center is on the rise. The situation is similar in other large Canadian markets, where the average vacancy rate in the center is 6.5%, and developers are building new office buildings to meet demand. Every year this situation changes. Many factors influence this: politics, economics, international agreements.