Distressed properties commercial real estate services

Avison Young’s distressed property team has the extensive technical knowledge and expertise to manage, value, lease, market and sell your distressed properties to minimize risk, and maximize proceeds.

From receivership to management, leasing and disposition, corporate and asset strategy to implementation we cover a full-range of services. Our expert appraisers and knowledgeable brokers provide detailed appraisal studies and concise Broker Opinions of Value reports and Broker Pricing Opinions.

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Our key service lines to aid in distressed asset situations:

Valuation and Advisory Services
Business Consulting & Advisory Services
Real Estate Management Services
Project Management Services
Real Estate Consulting & Advisory Services
Leasing Strategy & Agency Services
Property Tax Appeal
Capital Markets, Debt Services, & Investment Sales

Experts in all asset classes, specializing in:

Asset and portfolio strategy
Accredited appraisal & valuation services
Receivership and judicial/court-ordered sale listing services
Listing proposals and broker opinions of value
Licensed property management services to assist receivers
Advisory services for insolvency, workouts and restructuring (businesses, assets/real estate and debt)
Expert witness testimony and litigation support in court or arbitration
Corporate real estate strategy including workplace, industrial and retail footprint optimization

Structured to support your distressed property, no matter the scope.

Our services are aligned to offer full or partial support of your unique distressed property experience.

01 Understand your asset
Analyze and value distressed property situations and provide solutions to align with your business and real estate needs.

02 Take control and stabilize
Complete property administration, project management and maintenance takeover.

03 Create value
Discover and resolve unknown issues and disputes to better position your asset in the market.

04 Disposition / exit
Strategic disposition and exit strategies to effectively market and sell your assets for maximum value.

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Distressed property services news and updates

Robust inventory growth predicted for Lethbridge in the year ahead as retail market sees strong demand

October 5, 2023

Lethbridge, Alberta –The retail sector will likely see a new inventory supply boom in 2024, driven by low vacancy rates and strong market demand – this from Avison Young’s latest market report for Lethbridge.

“This has been a positive year for retail real estate, and we anticipate seeing substantial construction as we head into 2024,” said Ashley Soames, Senior Associate in the Avison Young Lethbridge office. “Although construction costs are high, we are still seeing the demand for growth that supports new development.”

With a population growth of nearly five per cent over the last four years, Lethbridge has a growing local demand for retail goods and services. The current Lethbridge retail vacancy is extremely tight, estimated at three per cent. The average lease term has increased to 7.7 years in 2023, up from 6.75 years in 2022. With a strong demand for retail space, coupled with longer tenancies and low vacancy, new space will need to be built to accommodate new users.

“Retail real estate in Lethbridge has had sustained growth since 2020, with no signs of slowing down despite national headwinds,” said Jeremy Roden, Executive Vice President in the Avison Young Lethbridge office. While landlords and tenants may be acting cautiously, and some deals may be taking longer, they are still getting done – an overall positive sign for the retail sector.”

Lethbridge lease rates generally fall into one of two categories. Rates for newer builds have been driven by high construction costs and average between $30 to $35 per square foot (psf) in most of South and West Lethbridge. Existing space, primarily in the downtown area, offers lower rates averaging between $12 - $16 psf. The increase in asking rental rates in existing space follows economic growth and, in new space, reflects the inflationary pressures of high construction costs.

“The retail outlook in Lethbridge is very positive and we are extremely optimistic for 2024 to be a significant growth year,” said Roden. “We anticipate seeing retail growth in multiple areas of the city including Crossings, Warehouse Square, and Legacy Gate.”

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