Learn about actual and potential costs
How much should I pay for Commercial Real Estate Rental in Canada?
What is the average price of Commercial Real Estate Rental in Canada?
This procurement report includes pricing information to help you purchase Commercial Real Estate Rental in Canada. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Commercial Real Estate Rental in Canada been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Commercial Real Estate Rental in Canada yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Commercial Real Estate Rental in Canada?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Commercial Real Estate Rental in Canada with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Condition of the Property
- What types of improvements will likely need to be made during the lease term and how much will they cost?
- Am I responsible for the costs of any improvements to the property?
- How well has the property been maintained? Can you provide a three-year maintenance history for the property?
- How recently has the building been inspected and what were the results of the most recent inspection?
Timing to Delivery
- When does the lease require the tenant to start paying rent?
- Is the start of the rental period fixed or does it begin when the space is ready to be used?
- What happens if the construction is delayed or falls behind schedule?
- What happens if repairs are required during the lease term?
- Is my rental rate dependent on the revenue generated in the space? If so, what percentage is used?
- Do I have the option of switching to (or from) a percentage rent after a certain period of time?
- Is rent scheduled to increase at all during the lease term? If so, what is the basis for these rent increases? Is there a cap to the amount rent can be increased?
- Can the lease agreement include a clause that keeps rent from increasing for the first year?
- What is the amount of the security deposit? What would cause the tenant to lose their security deposit? How often do tenants receive their full security deposit back? What percentage of the security deposit is typically returned?
- Can the lease include an arrangement that allows me to vacate the space if an anchor tenant leaves the property?
- What zoning laws is the property subject to? To what extent do they affect the operations of the business?
- Does the lease allow for expansion of the property?
- Does the lease allow for subleasing or co-tenancy?
Sourcing across North America?
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Key elements for every RFP
What should my RFP include?
- Vendors should include the base rental rate for the property.
- Vendors should include other costs for which buyers are responsible (utilities, parking, etc.).
- Vendors should list any improvement allowances or concessions offered (i.e. free month of rent), as well as any limitations on these values.
- Buyers should evaluate each property based on its rental rate and other costs.
- Buyers should evaluate the overall quality of the property (its type, amenities, features, parking, etc.).
- Buyers should evaluate vendors' ability to meet their service requirements.
- Buyers should evaluate each vendor’s experience and financial performance.
- Buyers should include the date when proposals are due and any other relevant dates (e.g. property tours) prior to the contract award.
- Buyers should include the date by which the property must be available.