Location: Calgary, Alberta
The Meanwhile Lease Pilot Project connects real estate professionals with interim tenants active in the creative economy. This process is de-risked for the real estate industry through vetting, tenant education, and management of City property tax exemption through this project. This pilot project mobilizes the use of under-utilized real estate inventory to the benefit of the real estate and arts sectors.
Meanwhile leases leverage vacancies and lulls in property development. They are typically short-term and are often granted to local nonprofit or charitable groups, usually for a non-commercial purpose. Meanwhile leases will help the real estate industry and the creative economy as they recover from the pandemic.
Built Environment – Supports the re-imagining of under-utilized real estate inventory.