Shift in Canadian Commercial Real Estate, Miami Tower Attracts New Businesses, Rental Yields Soar in Saudi Arabia

Commercial real estate in Canada faces challenges as demand slows for properties. Miami Tower sees a positive trend with new businesses leasing space. Rental yields in Saudi Arabia soar as property owners upgrade their assets. Stay informed on the latest developments in the commercial real estate market with Simply C.R.E.

Sources:
https://www.theglobeandmail.com/business/article-commercial-real-estate-hit-as-demand-slows-for-properties/
https://www.bizjournals.com/southflorida/news/2024/05/26/miami-tower-company-office-leases.html
https://www.thenationalnews.com/business/property/2024/05/26/saudi-arabia-real-estate-property/
https://labusinessjournal.com/real-estate/office-asset-opens-in-santa-monica/

Outline:
(00:00:00) Introduction
(00:00:42) Commercial real estate hit as demand slows for properties
(00:02:36) Thousands of upgraded properties in Saudi Arabia see rental yield soar by up to 50%
(00:05:30) Office Asset Opens in Santa Monica