TSX:TNT.UN - Post by User
Comment by
EstevanOutsideron Nov 03, 2023 2:01pm
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Post# 35716223
RE:Artis sold a ton of offices in Q3
RE:Artis sold a ton of offices in Q3Also notable on Artis call was the mention of cap rates being in the low 6s for most office properties sold in Q3, 464,000 square feet in weak markets. TNT has better office locations. Artis got $228 sq ft on average and they were in crappy markets on oldler buildings in Winnipeg/Edmonton.
TNT entire portfolio trading around $200 sq ft despite some higher end stuff in Vancouver/Victoria/Toronto areas.