VANCOUVER, British Columbia - Aug. 25, 2020 - TKO BUSINESS SOLUTIONS CORP. is a powerful Artificial Intelligence (AI) integrated digital platform offering easy-to-use, cost-efficient solutions to the challenges faced by entrepreneurs and small businesses in search of suitable office leasing options for a limited amount of time.
Canada's major office markets saw vacancy rates and subletting activity increase in the second quarter of 2020 while office rents dropped moderately. Vancouver's downtown office vacancy rate rose for over 1%. The amount of sublet space in downtown Vancouver was up 200% from the previous quarter, with 219,000 sq. ft. of net new space put on the market in the second quater. Office rent fell by over $1.60 due to an increase in the amount of available space in downtown business district.
"Companies like WeWork may struggle the most. An open office concept with up to a hundred people in a single room goes against the Health Authority Guidelines. It looked like the format we all desired and where the future of commercial real estate is going to be. The same issue can also affect general offices in Vancouver where we got rid of cubicles and see many open-concept office spaces. If this shared place idea doesn't survive, this could put a lot of spaces back into the marketplace," comments Mrs. Suneera Shameer, the CEO of the TKO Team.
TKO's property leasing and business services platform can easily scale-up to accommodate increased demand, built right into the core of the product. Users accustomed to coworking spaces, with the help of TKO's solutions, can match their pre-configured profile with any and all commercial properties that may become available should their current space fall victim to Health Authority restrictions.
About TKO BUSINESS SOLUTIONS CORP.: TKO BUSINESS SOLUTIONS CORP. is a Vancouver-based unique, customer-focused platform offering commercial real estate solutions and value-added services. We strive to provide the best matching options for our users by featuring powerful search and filtering functionality.
