October 16th, 2012
By Erick Villagomez // No Comments
Rent-Lease-Own? Understanding real estate challenges affecting the not-for-profit/social purpose/cultural sector
SAVE THE DATE: Survey Launch, October 23, 2012
The Real Estate Institute of BC and the Social Purpose Real Estate Collaborative are pleased to announce a research project to benchmark the real estate rates, terms and conditions in which the social purpose/not-for-profit/cultural sector functions in Metro Vancouver.
Whether by month-to-month rents, longer-term leases, or ownership, this sector is extremely challenged to hold property within Metro Vancouver's highly priced and limited real estate environment. Though the social purpose/not-for-profit/cultural sector underpins much of the social and economic fabric of our society, there is no real data on the real estate scenarios under which they operate. The sector continues to struggle with affordability, suitability of space, and the tenure ability to retain real estate assets for long-term use.
Beginning on October 23, 2012, CitySpaces Consulting Ltd. will be surveying Metro Vancouver's social and cultural organizations and independent artists. Survey results will be used to inform future policy development and make the case for supporting social purpose real estate in Metro Vancouver.
This opportunity is for all Metro Vancouver-based artists and social/cultural non-profits and social purpose organizations. Watch for upcoming announcements on the duration of the survey's collection period.
For more information, visit:
Social Purpose Real Estate Collaborative
The Real Estate Institute of BC
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