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Rent Relief Requests: Key Drivers and Owner Advice

Rent Relief REMS SC1536x1040

The spread of COVID-19 has created extraordinary economic and market conditions.

To help our clients navigate this uncertainty, Colliers Real Estate Management Services (REMS) undertook a national assessment of all the tenants in our managed portfolio of over 67 million square feet across Canada. We surveyed 7,100 tenants across every province except Prince Edward Island, with a makeup of 19% retail tenants, 27% industrial tenants, and 54% office tenants.

This risk assessment is continuing and we will release ongoing reports that will analyze how COVID-19 is impacting tenants and overall portfolio risk as the pandemic continues to affect businesses across Canada. This report examines the key drivers behind rent relief requests for April 2020.

Get more information and download the full report here.

For More Information, Please Contact:

John Duda

President, Real Estate Management Services Canada

Toronto Downtown

John Duda is the President of Real Estate Management Services, Canada. John began his career as Director of National Property Services at CIBC, joining Colliers in 2010. Appointed as head of Real Estate Management Services in 2017, John has driven significant growth both organically and strategically through the development of new service lines and markets. In his role as president, John a oversees 14 offices across Canada, working closely with local teams to create value-driven strategies in support of clients’ goals. 

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