Notes
The Friction Index
Occasional notes on what I’m seeing in BC real estate: deals, debt and the friction that sets prices.
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Small-Bay Is Where the Vacancy Went
Industrial vacancy hit a decade high. The average hides where it sits.
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MLI Select Is an Energy Project With a Mortgage Attached
On an existing building, the energy work decides the amortization. Price it before the loan.
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The Loss-to-Lease Is Shrinking
Market rents went flat while in-place rents kept rising. Most pro formas haven’t caught up.
The Friction Index by email
A short email when I publish something new, a few times a year. Nothing else.