The Competition Bureau is considering banning exclusive use clauses in commercial leases for grocery stores to increase competition and lower food prices, but experts disagree.
A variety of complicated factors are at play as Calgary retail space sees demand given market growth, while new supply is limited due to factors such as construction costs.
The report reveals a complex picture of the Canadian retail landscape, with some positive trends despite economic challenges such as inflation and interest rates.
Alex Edmison of CBRE says that a lack of new retail space is contributing to an upward trend in some markets with some asset classes in particular being strong.
The popular and rapidly expanding outerwear and fashion brand is relocating to a glossy new downtown development in one of the biggest office transactions in the city since the start of the pandemic.
The mix of retail, office and residential space will provide a centre of community and according to a broker will be "the single most exciting development project in Canadian history".
Other News: Hudson’s Bay expands men’s luxury brands at flagship, Square One hosts 1st North American Ramadan Market, Abercrombie & Fitch opens 3rd global ‘new look’ store in Toronto.
Other News: Yorkville retail spaces come to market, Danish brand ‘PILGRIM’ opening temporary 1st storefront, IKEA expands Task Rabbit into Calgary and Edmonton, Nordstrom launches Japanese partnership high-end men’s pop-up in its top-performing Vancouver flagship.
Downtown Montreal is in transition. The real estate market has become increasingly dynamic as traditional sectors evolve, and the retail sector is no exception to this trend.
A new report by CBRE finds that although foreign retailers continue to enter the Canadian market, they're doing so less than before. As global markets have largely recovered from the recession, international retailers now have an increased number of expansion opportunities to consider. The report, entitled How Global is the Business of Retail, analyzes 334 leading retailers in 61 countries. The report suggests that the Canadian retail market recorded fewer new entrants last year than the year before...