Retail sales increased by 7.7% in 2018, illustrating the strength of the market.
Consumer experience is the focus of attention. Landlords, in both shopping centres and street retail venues, are stepping up their efforts to reinvent their offerings.
Following the legalization of cannabis in October, demand is not losing steam. Forty additional SQDC locations should open by March 2020.
REITs’ appetite for shopping centres remained strong. They represent nearly one third of the total square footage in this market segment.
After a 17.5% decline in retail investments in 2017, investors bounced back in 2018 with a gain of 10.1%.
The retail segment in the construction industry is still booming, in both Downtown and suburban submarkets: CBRE reported approximately fifteen new active construction sites.