top of page
  • Demitry Omrin


One of the words used to describe the pandemic is "accelerator". Certain commercial real estate asset classes were pushed into being obsolete due to the onset of the pandemic. What is not spoken of often is how it has re-defined risk. A few months prior to the pandemic taking hold, our firm was retained by a commercial landlord of a medical office building that was underperforming. Our role was to conduct a highest and best use study (i.e. re-positioning) and make recommendations on how to maximize return. Months after the impact of the pandemic began to show, what was an obsolete building requiring a re-positioning suddenly became more valuable due to the security of office tenants that are medical practitioners notwithstanding the low financial return. The landlord opted for security over risk from alternate uses. Ultimately, the project went from a potential re-development into one that made the best of the current asset through modernization of the capital improvements. #recg #highestandbestuse #repositioning #risk #commercialvaluations

3 views0 comments

Recent Posts

See All

An old address has been re-configured for the new era. 10 Dundas Street East in downtown Toronto has been completely overhauled. Everything from one of the largest digital billboards in the country to

Office workers at Google are apparently venturing back into the office despite the OMICRON variant. I see this as a sign that people are coming to terms with the fact that the answer to dealing with C

Employee's are now apparently including the flexibility to work remotely as a health benefit according to a recent survey. During the onset of the pandemic I felt that there was too much uncertainty o

bottom of page