June 2022: Commercial Real Estate News Roundup
Real estate remains a hot topic in Canada, with a market so desirable that many industry observers are worried about its ability to keep up with demand. If you’re working in the commercial real estate industry, or you’re an investor interested in staying on top of industry news and trends, please read the stories below. Commercial Landlords: Retail Making A Comeback Financial reporting from Canada’s biggest owners of commercial real estate shows that retailers have begun the slow but massive shift back to working in physical stores. Social distancing may have receded months ago, but it’s only now that many companies have reopened their brick-and-mortar stores after the brutal losses of the pandemic, The Star reported in May 2022. For example, during the first quarter of this year, the RioCan Real Estate Investment Trust reported an occupancy rate of a whopping 97 per cent in the first quarter — up from 95.8 per cent just a year earlier. “There has been significant recognition by a