HSK 830 - Commercial Real Estate Development
Course Description
*Formerly CPE 206*
Course Description:
There are fundamental differences between residential and commercial real estate development. This course focuses on the unique aspects of three commercial market segments: industrial, retail, and office. Gain an in-depth understanding of topics related to market analysis, site selection, the planning and construction process, marketing to commercial tenants, and long-term development strategies. In collaboration with peers, interact with expert guest speakers, senior leaders, and examples of active commercial projects from across Canada.
Course Learning Outcomes:
- Gain a high-level understanding of the current market environment for retail, industrial and office properties in Canada, using Calgary as a case study
- Recognize terminology specific to the commercial real estate (CRE) industry and in news media and scholarly articles
- Research where and how to find market information on the CRE industry
- Interact with several key CRE developers from across Canada, through guest speakers and a site visit
- Assess the viability of a site from best use to marketability for a CRE project
- Identify the differences for construction financing requirements and evaluating the value of tenants across the retail, industrial, and office market segments
- Differentiate between marketing to commercial versus residential real estate and identify key differences when marketing to retail, industrial, and office users
- Prepare a project viability report and present to the class as if they are investors