Consumer spending remains steady, with several retail categories being particularly strong while others such as home goods have slowed. And things are better in some parts of the region than others.
The discussion includes the rapid acceleration in the demand for space in primary luxury retail nodes, as brands enter and expand in the Canadian market for the foreseeable future.
Craig and Johanne discuss property management trends, emphasizing global expertise, sustainability, and adapting to evolving tenant expectations. They explore JLL's unique approach and resources, underlining the importance of people-first strategies to navigate the complex world of commercial real estate.
Landlords are increasingly turning to JLL for pioneering property management solutions that prioritize both enhanced customer experiences and sustainability.
The report discusses notable retail-friendly developments and an uptick in tourism and dining experiences, making Montreal an attractive market for retailers.
The report says that retailers can benefit from expanding as the boomtown’s population, economy, housing, and transit projects drive retail space demand in rapidly changing areas.
Tim Sanderson discusses a new report showing that consumers are returning to restaurants in Canada, while at the same time challenges persist in areas such as costs and staffing.
JLL has released a comprehensive overview of Downtown Calgary parking, noting it's the priciest in Canada while trailing NYC and San Francisco in North America.
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.