Commercial real estate looks strong despite office struggles: RE/MAX report
BNN Bloomberg
A new report on commercial retail trends in Canada pointed to signs of an “upswing in demand,” with strength in retail and industrial sectors despite the ongoing struggles with office spaces.
RE/MAX Canada president Christopher Alexander said his organization’s 2023 Commercial Property Report, published Thursday, shows that “a number of encouraging indicators characterize Canada’s commercial real estate market.”
“The momentum is building, with some pent-up demand evident. The fundamentals underpinning the market squarely supporting ongoing commercial activity in the year ahead,” he said in a news release. The report, which looked at trends across 12 Canadian cities in the first quarter of 2023, also pointed to areas where joint commercial and residential developments could provide solutions to the country’s short supply of housing.
INDUSTRIAL STRENGTH
