Development will focus on repositioning existing assets in Canada's retail sector this year, while mounting economic pressures will see consumer spending habits change as retailers leverage the value of their physical stores, according to CBRE's 2023 Retail Outlook.
The latest wave of retail development in Canada aims—as it is in the United States—to transform malls into communities that cater to all facets of live-work-play.
Major projects have been announced that will add density to existing properties through residential towers, as well as infill projects to unlock value in underutilized parking or surrounding surface lots.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
