Avoid overpaying. Take a proactive approach to protect your assets.
Costs associated with real estate decisions are the second largest expense for most organizations. We help you investigate your lease details, consider your options and make better use of your space and finances. There are no one-size-fits-all solutions. We leverage our Brokerage, Workplace Advisory and Tax Advisory expertise to identify your opportunities for cost recovery, short-term returns, and long-term cost savings. Where audits are permitted, cost recovery is achieved in more than 75% of cases.
What sets us apart
An integrated 5-service approach.
Colliers offers a robust, integrated 5-service approach to reduce costs and get the highest value from your real estate investments, while supporting your business and workplace needs.
You don’t have to spend money to save money.
Do you have the right amount of space and is it working for you?
We can help you:
- Align leaders to establish the direction and purpose of your workplace
- Engage leaders and employees to determine the best approach to support new ways of working, employee priorities and your organization’s culture
- Analyze available information and data
- Determine how your space needs to function to enable work processes and work activities
- Identify opportunities to optimize your footprint and determine how much space you require
Can you reduce operating expenses?
We perform a detailed critical review of the financial terms of your lease documentation in relation to the landlord billings to ensure you pay no more than is set out in the lease and by industry standards.
You will be able to:
- Recover past overpayments and reduce future costs where applicable
- Identify unfavourable lease clauses for future lease renewal
- Receive an audit on a no-risk contingency fee basis; if we find no savings you do not pay
- Colliers works in a professional courteous manner with landlords
Could you pay less for your space?
Partner with a Colliers expert specializing in your industry and market sector who understands your business and can tailor your lease to better fit your needs.
- Identify opportunities for leverage
- Determine landlord’s mortgage situation specific to your premises
- Assess landlord’s portfolio mix as it pertains to lease expiries
- Review landlord’s focus on length of term versus maximized rental income
- Renegotiate your lease to better fit your needs
Are you overpaying on your taxes?
Property taxes account for significant tenancy costs over the term of any lease. How much and where can you save? Lower your property tax burden by ensuring you have an equitable (fair) and correct (market value) assessment.
The Assessment Cycle
- An appeal is filed
- Evidence is prepared for a hearing, with rationale supporting a decrease in taxes
- Colliers attends the hearing on your behalf
- A board decision determines whether the assessment is reduced or confirmed
Colliers remains in constant contact with the assessor to reach a resolution.
Where can you leverage other opportunities for cost savings?
The Lease Abstract is a detailed summary of critical lease details that indicate where there might be opportunities to reduce costs. We outline:
- Rent, escalations, rent free periods, deposits
- Commencement and termination dates
- Landlord and Tenant maintenance and repair obligations
- Renewal terms, first rights of offer/refusal
- Miscellaneous terms and conditions that affect costs
- Areas where you could have flexibility and leverage with your landlord
Core Office Building | Tax Appeal
Large Rural Facility | Tax Appeal
Sales and equity comparables were reviewed to achieve a reduction. Cost approach parameters were corrected for the improvement (building) value. The assessment reduction was $61.2M, resulting in $630,000 in tax savings.
Financial Services Organization | Workplace Analysis
Desired to enhance the employee experience and reduce real estate costs
30% reduction in real estate footprint
30% increase in employee satisfaction
Public Transportation | Lease Audit
Amortization expense was inadvertently included in landlord statements. Management fee was calculated incorrectly. When the errors were corrected, the client recovered $190,000, with $80,000 annual go forward savings.
Window Frame Manufacturer | Lease Audit
Municipal tax refund was allocated incorrectly among tenants in the business park. Once corrected, the client received a refund of $250,000.
Managing Director, Office Practice Group | GTA
Jamie Jackson serves as the Managing Director for the GTA Office Practice Group. He has been helping to grow the business since September 2020.
Prior to joining Colliers, he was the Director of the Financial Services practice at Iron Mountain, where he had increasingly senior sales and sales management roles in the financial services and technology sectors.
He also took a 10 year detour into running an international marketing agency, ending up as the CEO until the entire business was sold and he returned to his selling roots in financial services.
Managing Director | Property Tax Services | Western Canada
As an Executive Director at Colliers International I am fortunate enough to lead a passionate team that assists companies take a proactive approach in reviewing and reducing their property assessments & taxation. With a growing team of professionals we are able to support our clients above and beyond their expectations.
Our goal is to assure our clients that their property assessments are accurate and that they aren’t paying too much in property tax year after year. Located out of the Calgary office I specialize in managing commercial real estate. With over a decade of experience in the industry my focus is on all commercial real estate specializing in Retail, Office, Industrial, Hotel, Multi-Residential and Vacant Land.
I believe that it is very important as a professional to keep up-to-date with industry changes and as a member of ICSC, CPTA, SASCA I am able to keep in touch with influential individuals and to be aware of all industry changes. Currently I am the Provincial Director for ICSC (International Council of Shopping Centres) overseeing Alberta Manitoba, & Saskatchewan. I am also on the executive committee for the Canadian Property Tax Association Western Chapter and currently chair the Western Chapter Market-Value sub committee.
When I’m not at work you can find me relaxing at home with my wife and three kids, at the gym or out at the Hockey Rink/Soccer Field/Baseball Diamond coaching my Son & Daughter's teams.
Feel free to contact me if you want to discuss property assessment & taxation.
Senior Vice President & Managing Director, Workplace Advisory
Cathy brings 25 years of experience collaborating with clients to help them leverage the workplace as a strategic asset to attract, retain & engage top talent, enhance business performance, build culture and manage cost. She has advised organizations across the globe and across industries on new ways of working, employee experience & wellbeing, workplace transformation, change management, sustainability, and real estate optimization.
Prior to joining Colliers, Cathy worked for RBC as the head of Global Workplace Strategy and Design in the Corporate Real Estate group. She led a team of strategists and designers and was responsible for workplace strategy and the design programs for office and retail, for the bank's 24M square foot portfolio. Cathy developed the 'Workplace of the Future', a global strategy and program to transform RBC workplaces -- to enable organizational objectives, enhance the employee work experience, and optimize the real estate portfolio. She used a design-thinking methodology to engage employees, gather data and insights and gain executive alignment. Cathy implemented a measurement process to assess and quantify the effectiveness of the workplace programs and to gather key learnings to apply for continuous improvement. These initiatives have laid the foundation to support the future of work and the workplace at RBC.
Director, Lease Consulting Services
Frank Iannarilli is a real estate consulting specialist whose lease cost service provides a detailed critical analysis of the financial terms of a tenant's lease documentation in relation to the landlord billings in order to ensure that the tenant pays no more than is set out in the lease. Frank works on behalf of office, industrial & retail clients tenancies throughout North America and has saved them millions of dollars.