Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Ontario  + Canada + Cross Border News  | 
Toronto's retail real estate market is becoming more balanced as demand increases despite high interest rates and a decrease in net absorption, says a new JLL report.

JLL: Toronto Retail Market Becoming More Balanced

Toronto’s retail real estate market is becoming more balanced as demand
increases despite high interest rates and a decrease in net absorption, says a new
JLL report
.

The commercial real estate service firm anticipates that landlords should be
able to maintain stable occupancy rates as low construction completions create
more competition for new retail space.

Despite experiencing ongoing challenges, the downtown office market is having
a positive effect on retail as more workers return to the workplace instead of
working from home. New office amenities, designed to maintain rent levels, and
a flight to quality are also aiding the retail property sector.

Retail real estate market stability is also being driven by transit and
infrastructure projects, local governments’ focus on new high-density,
multi-family housing and the province’s emphasis on high-density developments
in strategic growth areas, said JLL in a separate
July report
.

 

Connect

Inside The Story

JLLMonte Stewart

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

New call-to-action