This Christmas, John Savard, the owner of Bedrock Realty Advisors, spent the holidays with his family in the Philippines. While they were there they sponsored a Christmas lunch that fed 100 orphans, all of which are hungry children and families in need in the country. Below are some photos of the Savard family helping during the lunch.
Thank you to Missionaries of Charity (founded by Saint Theresa of Calcutta or better known as Mother Theresa), for making this possible.
Giving back is important to the Savard family and to the Bedrock team. Learn more about how Bedrock Realty has helped those in need around the world on our Community page.
Calgary entered the 2018 commercial market with a cautious optimism. This is a relief from a two-year recession where vacancy rates increased from 8.52% at the beginning of 2015 to 27.06% by mid 2018.
West Texas Intermediate (WTI) has been trading between $60-70 a barrel since late December. However, Western Canadian Select (WCS) has been trading at a discount to WTI and exporting Alberta oil is proving difficult as pipeline approvals are delayed. This has slowed the growth potential for Calgary’s energy based economy
We are predicting that the bottom of the commercial market will be in sometime this year. With that being said the market has experienced a flight to quality space. Top quality pockets of 5,000 sq. ft. or less are being quickly leased in the current market.
What does this mean to the office user? If you intend to take advantage of the renter’s commercial market right now, this next 12-18 months may be the most opportune time to look for savings in your rental expense or that chance to upgrade to A quality space at rents tenant’s paid for C space in 2014 at 6% vacancy. The window is wide open now but maybe closing soon.
Interested in seeing what’s out there? Contact us today and we’ll help you find the perfect deal for your business.
Want to make extra money during your spare time? If you are a people person and have the gift of naturally engaging people, we are looking for you. Make extra money 2-3 hours a day from home! Pick your hours to work within regular business hours.
We are looking for a sales assistant who can make phone calls and promote our real estate brokerage business.
You must have:
Good communication skills
Excellent sales skills
A phone and a computer
Preferably: Experience in call centers
We pay $15/hour plus bonus if deals that you bring in are closed. Part-time. Flexible hours. Can work from home.
Excellent career opportunity. New real estate brokerage with large upside potential. Lots of projects in the pipeline. Be one of the founding employees in this exciting company. To learn more about us, please visit www.bedrockrealty.ca.
If you are interested in this job, please send a resume. Only for Calgary area.
In early April 2018, Bedrock Realty owner John Savard was included in an interview by CREB Now, a Calgary real estate magazine. Savard, along with other notable Calgary business people, shared the story of his buying his first home.
Savard’s first home purchase was in Inglewood in 2001. He was 32 years old at the time. As a first-time buyer, he says he was lucky to have a REALTOR® that had closing skills when it came to the purchase, which was a “fantastic thing.”
“It was an up-down duplex, because the mortgage was a little expensive. I bought it with a basement suite and I rented out the garage. I had a roommate upstairs so I could afford my mortgage.”
John Savard, owner Bedrock Realty, recently paid a visit to Uganda, where he volunteered to help have a well built for the residents in the community.
Once operational, the well will supply fresh water to approximately 3,500 people. This will save these families from walking 6 km to fetch fresh water and save them about $30 USD per month. This is a large portion of their monthly expenses.
A huge thank you to the Entrepreneurs Organization (EO) and its members Shane Benis and his father Ben Benis who created this project! We are more than pleased to have been able to assist in this incredible goal!
Calgary commercial realtor and owner of Bedrock Realty, John Savard, was recently included in an article in Calgary Business magazine regarding the current state of the city’s downtown office vacancies.
John Savard, principal, office leasing specialist with Bedrock Realty Advisors Inc., says tenants who had a line of sight on their long-term income streams in 2017 took advantage of low office rents and took out leases for as long as they could, signing seven-to-15-year-old deals.
“I don’t see anyone willing to pay economic rents,” he says. “We saw a lot of activity but that activity was based upon flight to quality. New sublease space coming to the marketplace. Unfortunately, I don’t see that the market has turned a corner yet.”
Thank you to Calgary Downtown Office Space for Business and business reporter Mario Toneguzzi for including us as a trusted resource in your publication!
A recession like the one Alberta has experienced over the past few years can devastate industries, communities, and corporations. It’s important to have advisors who understand the cycle and can help clients weather the storm. John Savard of Bedrock Realty Advisors is one of those resources.
“I’ve seen a few different markets going from a balanced market to an extreme landlord’s market to a tenant’s market and back again. Now we’re fully in a tenant’s market,” he says.
That’s great news for Savard’s clients. He specializes exclusively in tenant transactions, eliminating the conflict of interest some competitors encounter when representing both sides of the coin.
“We believe we can only serve one master. We feel we can offer the best services to our local tenant clients because we don’t have anyone else’s interests at heart,” he says.
With the downtown vacancy rate sitting at around 25 percent, there is an immense amount of office space available and tenants have their pick. Savard uses his expertise and experience to ensure clients are getting the best deal possible regardless of what they need.
His clients fall into one of three categories: those seeking lease renewals, those looking for a new space or those subleasing. And in a recession market, early renewals are a great way to help clients improve their own bottom line.
“You don’t want to waste the opportunity that exists in a recession,” he says. “Now is a time to create significant value for your company by getting a much lower lease rate.”
Savard and his team at Bedrock have been successful in helping clients negotiate early lease renewals with landlords. By blending their current, likely higher, lease rates with ones more indicative of today’s market, clients enjoy an immediate reducction on in their real estate costs while landlords keep tenants in their buildings for an extended term. While rates will likely rise in the near future, the low rates are a great opportunity for Bedrock Realty’s clients today.
Over the past 14 years, John Savard has helped hundreds of tenants negotiate their perfect commercial space, establishing him as one of the top performing commercial brokers in the field. And as Calgary climbs out of this recession and grows stronger, thanks to his guidance and expertise, Savard’s clients will be stronger too.
Are you looking for that perfect office space? Check out our free Office Locator Tool to help guide you through the process quickly and easily!
Commercial real estate felt the pinch of a slumping economy in 2016 and Calgary’s suburban office market was no exception.
From headleases – between a landlord and a tenant – to subleases – where a tenant puts some of their excess space on the market – commercial real estate outside the core had its challenges.
“A significant amount of very, very large blocks of vacancies are available on the sublease market and the head lease market, for that matter, and we have not seen a great number of tenants going in to take those spaces,’’ said John Savard, principal, office leasing specialist with Bedrock Realty Advisors Inc. Suburban office vacancy rose 0.3 percent during the fourth quarter of 2016 to 22.6 percent, according to a recent Barclay Street Real Estate report.
As many of you already know, we here at Bedrock Realty are very passionate supporters of the Antipolo Orphanage in the Philippines.
In December 2016, we travelled to the orphanage in Manila, where we helped feed 600 families in the city for Christmas. These people were the poorest of the poor in Manila, with many of the families struggling to eat and get even the basic necessities.
It was such a pleasure to be able to be there to help all these families. This is such a valuable charity that really makes a difference int eh lives of others.
If you’re interested in learning more about the charity or donating yourself, visit http://graceybwebber.com/home-of-love.
Below are some images of our trip – we can’t wait to go back!
As featured in the Calgary Herald this week, Bedrock Realty had the pleasure of helping B&A Planning Group take advantage of the current market and relocate their offices to an entire floor of the prestigious west tower of Penn West Plaza.
Read the whole article by David Parker in the Calgary Herald here.
Commercial Lease Calgary - Office Space Rental ON
What Our Clients Are Saying
I would like to take this opportunity to thank you for helping us secure our new office premises. Your professional expertise and attention to detail made finding new office space a pleasurable experience.
Your understanding of the landlord’s lease and what the landlord’s giving points were helped our firm secure very favourable lease terms. We are confident that you represented our firm’s best interest throughout the entire process.
Your knowledge of the office market saved us money! The recommendation of asking for a free rent period directly helped our firm save a significant amount of money to off-set our moving costs.
Without hesitation, I would recommend your leasing services to my clients, friends and business associates.
Robert B. Ramsay
President, Vantage Engineering Inc.
ACM Automation used John Savard’s services for our office lease renewals in 2003 & 2008. In both negotiations, we did not want to move and were concerned that our landlord would use that against us. John was able to present market comparable alternatives to the landlord so the landlord now had to compete against its competition to earn our tenancy. I strongly feel that John’s involvement created the leverage that ACM Automation required to secure ACM favourable lease terms.
In the fall of 2011, ACM Automation needed to expand our business. A simple solution presented itself as there was vacant space in our building. Expansion in our building seemed easy as we still had 2 years left on the lease that John had negotiated 3 years prior. We thought we had a solution figured out in our direct discussions with our landlord’s agent but I called my trusted real estate broker for his opinion. John advised us on the office market. It seemed to be a reasonable solution to expand in our building given the limited recoveries that we could achieve in the current Sublease market that would make a move too costly.
Owner, ACM Facility Safety
John has been my office space advisor for over 7 years now. His initial role was vital in relocating to our previous location 5 years ago.
In our most recent relocation, our company growth plans crated uncertainty over just how much more office space we would require and therefore crated a delay in our ability to make a timely decision. This delay challenged our search choices such that only a few options existed.
Our search parameters were also limited by location. Our firm’s business requires our location to be close to both City Hall and major transportation arteries such as the Memorial Drive and Deerfoot Trail. John was able to increase the set of office location options by recommending a building in the west end of downtown. I trusted johns’ knowledge of our new building’s ingress and egress of traffic. I have since discovered that John’s recommendation has saved our firm a significant amount of travel time.
John successfully navigated our limited choices and was able to successfully negotiate a very favourable lease for our firm in a location that has turned out better than I would have thought. John’s knowledge of the Landlord’s Lease revealed the giving points that provided us the comfort of a lease that would protect our firm.
Without Hesitation, I would recommend John Savard’s office leasing services to my friends and colleagues.
Brown & Associates Planning Group
John has been our trusted source for the last twelve years, and our last three office locations. He is incredibly knowledgeable and helped us get a prime location that exceeded our expectations.
John takes the pain out of an office move, without a doubt I would recommend working with BedRock Realty.