RE:Capitulation in Canada's REIT space / Dream OfficeYes to have a chance off staying independent, 40 ish is minimum.
In the next decade or maybee even 5 years, 1000 pr foot can be reached, as ex Copenhagen is at now, beeing a a smaller city.
And if that happends NAV will be tripple. Adjusting for ltv off present 50%.
Sounds crazy, but thats a fact, if all building were held and not sold. And if and when 1000 is reached.
It can happen when scarcity hit the clas a office market because off no newbuilds. And building cost inflation carries through and push average rents to 40-50 within a rising trend, together with lower rates.
So there is plenty off money left on the table at 500 cad pr foot.