Tim Sanderson said in an interview that retailers are showing interest in leasing space particularly in Canada's biggest cities, though a looming recession and other challenges will impact consumers and the industry.
Canada's largest city is seeing a recovery as consumers return, though the downtown core continues to see no where near the foot traffic it had prior to the pandemic.
Alberta's capital city saw vacancies increase due the pandemic, and now things are changing as retailers and foodservice businesses negotiate deals for new locations.
The city's businesses are increasingly confident as fundamentals return, including a downtown core that was almost decimated due to lack of foot traffic for months.
Lee Jackson and Jesse Michael say the Group will service retailers, landlords, and digital solutions providers by helping them to develop and achieve their innovation roadmaps and objectives by navigating digital partnerships.
JLL says that Vancouver has fared better than other markets and that luxury brands are among the players looking to move in to cater to Asian consumers.
A more stable environment and pent up demand has consumers coming back, but there are still challenges ahead according to Tim Sanderson in an interview.
Downtown Montreal is seeing increased leasing activity as foot traffic begins to return, and other parts of the city are also seeing developments as consumers gain confidence.