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Finding Your Ideal Office Space
Published the March 05, 2019

Finding Your Ideal Office Space

Finding Your Ideal Office Space

 

          Finding a good office space to start or expand your business is key to launching your endeavor worry free.

It is possible to accomplish such a feat with the help of office space rentals.ca. This user friendly commercial real estate portal will enable you to find your desired commercial property. As you may already know, office spaces come in all shapes and sizes. Chances are you have traveled passed several offices for rent in and around your city.

These may be multi-story buildings or small urban office buildings. Before getting started, here are a few essential definitions you should know. For more detailed information see statistics Canada.

 

Building Type Definitions:

OfficeBuilding: This includes high-rise or low-rise office buildings, regardless of whether they are general office buildings, financial office buildings or medical office buildings.

Class of Office Building: Class “A” buildings typically have modern and superior quality exterior curtain walls, state-of-the-art mechanical, electrical and life safety systems and high quality interior finishes. These prestigious office buildings are typically occupied by a city’s premier office users and have a definitive market presence and command premium rents.

Class “B” buildings commonly have acceptable (but not outstanding) curtain wall finishes, adequate (but not state-of-the-art) mechanical, electrical and life safety systems and a mid-quality level interior finish. These buildings compete for a wide range of users at average rents for their area.

Class “C” buildings have curtain walls and a quality of finish generally below average, with mechanical, electrical and life safety systems that are generally somewhat outdated. These buildings commonly compete for tenants requiring functional space at below average rents.

Enclosed Shopping Centre: A shopping centre where the majority of individual stores are accessed from an indoor common area.

Open Shopping Centre: A shopping centre whose stores are accessed from the outdoors and there is no indoor common area that allows access to all stores. This includes strip malls and convenience centres.

For the shopping centre configurations described below, if the majority of its stores are accessed only from outside then please select open shopping centre, if you feel that most of your stores can be accessed through a common area then select enclosed shopping centre4.

Neighbourhood centres – roughly 30,000-150,000 square feet designed to provide convenience shopping to customers, usually anchored by a supermarket, serving customers within a 5km radius.

 

Community centres roughly 100,000-350,000 square feet designed to provide convenience and general merchandise shopping to customers within a 5-10km radius. These centres can be anchored by a supermarket, discount department store, drug store or home improvement store.

Regional centre roughly 400,000-800,000 square feet designed to provide general merchandise and fashion apparel shopping to customers within a 8-12km radius, anchored by possibly numerous department stores, fashion apparel stores, restaurants or general merchandise stores.

Super regional centres similar to a regional centre, with more variety and assortment. Typically 800,000+ square feet, serving customers within a 10-40km radius.

Power Centres usually has category-dominant anchors with few small tenants, such as home improvement, discount department or warehouse stores. Typically 250,000-600,000 square feet servicing customers 8-15km away.

Lifestyle centres typically 150,000-500,000 square feet but can be smaller or larger. They may contain upscale specialty stores, dining and entertaining, large-format bookstores or multiplex cinemas.

 

Commercial Building: This includes all commercial or retail buildings that do not fall under the definition of shopping centres. Examples include retail stores (not part of a shopping centre), restaurants, bars, etc.

Industrial Building: This includes heavy manufacturing buildings, light manufacturing and assembly buildings, research and development buildings, and warehouse and distribution buildings.

Other Non-Residential Building: This category includes auditoriums, stadiums, convention centres, banquet and concert halls, theatres and any other non-residential building or facility not already mentioned.

 

 

Source: statistiques Canada

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