In the second half of 2021, there was robust growth in the labour market and a boost in home-grown and foreign consumer demand. Selecting a listing type will unlock more advanced search options. Be the first to hear about new properties, news, and research that match your interests. Explore the Potential of Your Investment. Navigating the future of change: Global Occupier Outlook, Podcast: KingSett's Jon Love doesn't shy away from CRE's biggest challenges. She is a Chartered Appraiser, recognized by both l'Ordre des valuateurs Agrs du Qubec and the Appraisal Institute of Canada. Stay ahead with industry-leading research, insights and perspectives, Download secure information about the listings you're interested in. Having trouble logging in? Senior Managing Director, Brokerage | Montreal, Executive Vice President | National Investment Services. Montreals aggregate cap rate sits at 5.49% and has a 246 basis-point (bps) spread to the 10-year GOC bond yield. Having trouble logging in? Jun 28, 2023 The Cleveland retail market stayed healthy in the first quarter of 2023 The retail market posted a positive net absorption of 204,064 sq. The emergence of conscious consumerism over the past few years is a force that retailers will need to address. South Shore availability decreased for a second consecutive quarter, as both new and existing spaces were absorbed by tenants seeking to sit closer to the GMAs off-island REM stations. Peter began his real estate career at Colliers in 2004, growing his network as he took on progressive roles within the organization. Debt Market Reports; Local Market Report; National Report; Special Topics; National Market Snapshot Q1 2023. The International Property Awards honoured Colliers with the Best Development Marketing, Canada distinction (for Vancouver's King Business Park) at a virtual Red-Carpet Presentation that took place on January 13, 2022. . Colliers Quarterly | Property Market Report | Q2 2021 | Philippines Jul 29, 2021 We are pleased to share that our property market reports for the 2nd quarter of 2021 are now available. Global supply chain bottlenecks are putting an upward pressure on prices. Investors are bullish on economic growth prospects for 2022 and intend to maintain high real estate allocations even though pandemic-related uncertainties have not fully lifted. Having trouble logging in? We simply think differently and that produces innovative outcomes. For exclusive listings, please connect with an expert. A scarcity of options has limited business growth for those occupiers focused on grocery-anchored shopping centres, with vacancy staying exceptionally low. The average Urban Retail Colliers Index Vacancy Rate, currently estimated at 3.9%, is down from 4.7% in our year-end survey. Be the first to hear about new properties, news, and research that match your interests. The GTA saw approximately 2.3 million square feet of new supply enter the market this quarter, but unlike previous quarters there will be multiple buildings available for lease. Be the first to hear about new properties, news, and research that match your interests. After years of dramatic fluctuations in absorption, this quarter brought about 1.6 million square feet in absorption - comparable to the 2 million square foot quarterly average since 2018. Ranked as a Top Performer at Colliers, Janina has over 28 years of advisory experience, having worked mainly in real estate brokerage specializing in investment transactions. Senior Managing Director, Brokerage | Vancouver. Janinas track record of significant transactions speaks to her caliber and success. She has been involved in numerous transactions in major markets including Montreal, Quebec City, Ottawa and Halifax. You'll experience forward-looking expertise that elevates value every step of the way. Read the global report below. Click here for more assistance. Well recognized in the industry, Susans name is often seen in the media as she provides commentary and insight on current commercial real estate topics. Montreal Office Market Report Q3 2022 Download Report For More Information, Please Contact: . Prior to Colliers, she worked with major landlords across Canada to realize their business goals and properties value. Leasing Brokerage - Tenant Representation, RoseFellow: Industrial Real Estates Disruptors. Peter began his real estate career at Colliers in 2004, growing his network as he took on progressive roles within the organization. Subscribe to Property Alerts. Leasing Brokerage - Tenant Representation, RoseFellow: Industrial Real Estates Disruptors. Leasing Brokerage - Tenant Representation, RoseFellow: Industrial Real Estates Disruptors. Note you are now viewing the Colliers Canada website. Madeleine Nicholls is the Senior Managing Director, Vancouver Brokerage and National Retail Brokerage Lead for Canada. Market Reports Find an Expert Contact Us It has come to our attention that an individual posing as a representative of Colliers is falsely offering residential condos for rent in the Toronto area and collecting non-refundable deposits. . . Read Report, Recognized by the Globe and Mails Fourth-Annual Women Lead Here Benchmark, Learn How We Are Making Diversity and Inclusion Part of Our DNA, Colliers Real Estate Management Services: Advisors in Action, Leasing Brokerage - Tenant Representation, RoseFellow: Industrial Real Estates Disruptors, Subscribe to Our Research Distribution List. Market Reports May 18, 2023. Having trouble logging in? Learn More. Be the first to hear about new properties, news, and research that match your interests. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. Learn More. Susan was previously with Avison Young working as their Research and Insight Manager over the course of nine years (a boomerang employee: with them for four years, away for five years, then back for five years). Change country Norway. Peter is one of Colliers greatest ambassadors. Stay ahead with industry-leading research, insights and perspectives, Download secure information about the listings you're interested in. Click here for more assistance. Leasing Brokerage - Tenant Representation, RoseFellow: Industrial Real Estates Disruptors. Businesses should continue to train their employees in the machine learning space to grow and innovate, given the frequent shocks in the market. Peter Garrigan is the Executive Managing Director for the Greater Toronto Area Brokerage and National Industrial Brokerage Lead for Canada. . Out of total retail sales, the share of e-commerce sales fell by 170 basis points YoY. Note you are now viewing the Colliers Canada website. What sets Colliers apart is not what we do, but how we do it. Call now +1 437 836 0491. See how Colliers can accelerate your success. Stay ahead with industry-leading research, insights and perspectives, Download secure information about the listings you're interested in. Subscribe. Subscribe to Property Alerts. Subscribe to Property Alerts. Despite the added risk associated with certain commercial real estate asset types due to the pandemic, investors continue to search for yield and commercial real estate remains attractive. As Exectuive Managing Director, Peter is responsible for helping the growth of all practice groups including Industrial, Office, Investment, Retail and Debt across Downtown Toronto, Toronto West, Toronto North, Burlington, and Kitchener-Waterloo with their respective Managing Directors. Note you are now viewing the Colliers Norway website. Click here for more assistance. Colliers Retail Outlook Report: While declining from the heights of last year, retail sales growth in Canada continues to outpace most of the world, including the US, EU, and UK. He has helped recruit over 150+ advisors through his leadership roles, mentored their careers, while growing the business. Be the first to hear about new properties, news, and research . Pittsburgh Retail Market Report | Q2 2023 By Jonathan Levinson, Mark Anderson and Ralph Egerman Apr 3, 2023 Regional resilience: Pittsburgh's retail scene stays hot Despite challenging external factors such as high interest rates and potential recession fears, the overall retail market in Pittsburgh has remained resilient. The first few months of 2023 were a bumpy ride for the retail market in Vancouver. . Note you are now viewing the Colliers Canada website. Having trouble logging in? Newdevelopment, redevelopment, and densification remains key to unlocking new opportunities for retail business to occupy. Asia Pacific . Our specialized experts, technology, data platform and commitment to service enables us to deliver your appraisal on time. Nine out of 13 urban high streets studied saw reductions in vacancy over the last six months. Change country Canada. . While Class A downtown rental rates decline for a second consecutive quarter, average net rent among Class A suburban space increased to $16.26 PSF, up 4% QoQ. Toronto Downtown. Be the first to hear about new properties, news, and research that match your interests. She also has experience on the brokerage side of the business having represented national tenant expansions across Canada, and has also worked on urban and suburban retail. H1 2023 had limited investment activity as buyers and sellers remain in price discovery phase. Subscribe. Having trouble logging in? Broccolinis long-awaited Victoria on the Parc and Montonis Espace Montmorency near completion and are expected to add about 700,000 square feet to Montreal's existing inventory before the end of the year. Back to Rate Hikes After a Pause. Madeleine Nicholls is the Senior Managing Director, Vancouver Brokerage and National Retail Brokerage Lead for Canada. . For the sixth consecutive quarter, there were no vacancies in either bulk or logistics space. Conversely, increasing expenses are eroding NOI, and the capital markets are dislocated. For exclusive listings, please connect with an expert. With over 20 years of experience in commercial real estate, Madeleine has established herself in the industry as an expert and leader. Janina holds a Bachelor of Commerce specializing in Real Estate Finance & Urban Analysis from McGill University. On top of his 18 years of commercial real estate experience, Peter has held two-terms as President for the Society of Industrial and Office Realtors (SIOR) Central Canada Chapter and has developed strong ties to the real estate community both locally and nationally. Subscribe. The latest numbers from Statistics Canada show that retail sales rose by 8.6% in December 2021 YoY, totaling $57.0 billion. The national all asset average cap rate edged down from 5.54% at mid-year 2020 to 5.53% in Q1 2021 and dropped again to 5.48% at mid-year 2021. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. As per the latest Statistics Canada data, retail e-commerce sales were down 14.2% year-over-year to $4.1 billion in December 2021, accounting for 6.5% of total retail trade. She has worked for owners and developers on acquisitions and dispositions, has successfully leased up a variety of mixed-use, retail and office projects. Colliers Canada's head of research, leading a cross-country team of 20 mapping, analytics and research professionals. Leo Lee is the Director of National Research Operations | Canada and oversees the strategic direction and operations of Colliers Canada Research. Retail rents across provinces depict a fast rebound in 2021 after a significant dip in 2020. She also has experience on the brokerage side of the business having represented national tenant expansions across Canada, and has also worked on urban and suburban retail. . . Be the first to hear about new properties, news, and research that match your interests. Leasing Brokerage - Tenant Representation, RoseFellow: Industrial Real Estates Disruptors. Asia Pacific . According to Statistics Canada, in January 2022, Canadian inflation surpassed 5% for the first time since September 1991, rising 5.1% on a year-over-year basis and up from a 4.8% gain in December 2021. The steep decline illustrates the cautious approach buyers are taking given the Bank of Canadas interest rate policy. Susan is a long-standing analyst and commentator on the commercial real estate market. Note you are now viewing the Colliers Canada website. Be the . Stay ahead with industry-leading research, insights and perspectives, Download secure information about the listings you're interested in. Be the first to hear about new properties, news, and research that match your interests. Featured in mainstream publications such as the Toronto Star, industry publications and podcasts. He focuses on developing the capabilities of the national research team that . Senior Managing Director, Brokerage | Montreal. Canadas retail vacancy rate declined 100 basis points (bps) from year-end 2020 down to 7.7% in Q4 2021. 1 Jun 2023 New Zealand Research Report June 2023 What Now for Yields as Peak in OCR is Signalled Read More 17 May 2023 Colliers Northland Essentials 1H 2023 Read More 17 May 2023 Colliers Manawatu-Whanganui Essentials 1H 2023 Read More 17 May 2023 Colliers Taranaki Essentials 1H 2023 Read More View more Experts Ian Little Store. Stay ahead with industry-leading research, insights and perspectives, Download secure information about the listings you're interested in. The activity level started hot, then was hit with the closure announcements for Bed Bath & Beyond and Nordstorm. Be the first to hear about new properties, news, and research that match your interests. Multifamily demand remains robust however if only for properties that quality for CMHCs MLI Select program. In 2021, the listed property companies . Leasing Brokerage - Tenant Representation, RoseFellow: Industrial Real Estates Disruptors. Janina Francescutti is Executive Vice-President, National Investment Services. Jun 13, 2023 Top 25 Industrial Markets | Q1 2023 The Markets that Move America Read More Jun 2, 2023 Global Retail Survey | Q1 2023 Read More Next View More Discover our local market commercial real estate outlooks Jun 13, 2023 2023 Q1 Denver Multifamily Market Report Leasing Brokerage - Tenant Representation, RoseFellow: Industrial Real Estates Disruptors. BizEquity. Go inside some of the most luxurious Seattle-area homes on the market. Susan has a Bachelor of Commerce degree, with a major in Management Sciencefrom the University of Alberta. Commercial Property Tax Services. Colliers Retail Outlook Report: While declining from the heights of last year, retail sales growth in Canada continues to outpace most of the world, including the US, EU, and UK. Note you are now viewing the Colliers Canada website. Susan's breadth of knowledge across the commercial real estate market and in data analytics is an asset across the industry. Debt Market Reports; Local Market Report; National Report; Special Topics; National Market Snapshot Q1 2023. She has worked for owners and developers on acquisitions and dispositions, has successfully leased up a variety of mixed-use, retail and office projects. . Her allyship extends further than Colliers, as she actively volunteers her time to speak to student groups, industry events and the media. Download Report By Joey Roi Bondoc Apr 26, 2023 Colliers expects net take-up in 2023 to reach 116,400 square meters, which is a marginal increase from the 110,500 square meters recorded in 2022. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. Her allyship extends further than Colliers, as she actively volunteers her time to speak to student groups, industry events and the media. Note you are now viewing the Colliers Canada website. . After clearly communicating a wait-and-see approach earlier in the year, it seem they have enough evidence to continue raising. Private investors represented 61% of the total deal volume, a 20% increase YoY. Workplace Advisory. Be the first to hear about new properties, news, and research that match your interests. She was responsible for dozens of reports on the Calgary commercial real estate market, covering office, retail and industrial leasing as well as business condominium properties and commercial property sales. Hotel; Industrial; Land; Multifamily; Office; Retail; National Market Snapshot Q1 2023 . . Subscribe to Property Alerts. With over 20 years of experience in commercial real estate, Madeleine has established herself in the industry as an expert and leader. Having trouble logging in? Be the first . Subscribe. With supply chains bottlenecking again in the first quarter of 2022, Canadian consumers should expect delayed shipments, higher prices, and less stock in their local stores and online. Our Global Investor Outlook report explores investor sentiment, how they intend to deploy capital, and forces that will shape global real estate market in 2022. . More investors are looking to future-proof their assets by integrating environmental factors into their strategies and quality office assets in major metropolitan markets will be in high demand. . British Columbia 2021 Property Tax Trends. Subscribe to Property Alerts. The average Suburban Retail Colliers Index Vacancy Rate is 1.5%, up from 1.0% in our year-end survey. Click here for more assistance. Senior Vice President | Commercial Real Estate Broker. Debt Market Reports; Local Market Report; National Report; Special Topics; National Market Snapshot . Having trouble logging in? During Q2 2023, the market was stabilized by moderate quarter-over-quarter growth in net rents and low vacancy rates; although we saw a bump in available space, availability is still historically low at 1.4%. Be the first to hear about new properties, news, and research that match your interests. You may receive updates from us based on your saved search. By Guy Preston, Eric Bumgarner, Joseph Turri, Seda Preston, Michael Cassidy and Tanner Lee Oct 3, 2022. . Madeleine has expertise at all levels of new business development from strategic planning and acquisitions to prospecting, pitching, negotiating offers and leases, and build out of space. Property Showcase. Top-quality locations remain in high demand along urban high streets, keeping the leasing market brisk and pushing down the vacancy rate. Click here for more assistance. Click here for more assistance. Our findings are developed based on a focused survey undertaken by 300+ investors across the globe and in-depth interviews with our regional Capital Markets leaders. Note you are now viewing the Colliers Canada website. Gasoline sales went up dramatically as people began to commute more to work and in general, to spend more time outdoors. Whether youre a developer, investor, landlord or tenant, we are a partner who is invested in seeing you succeed. On the one hand, fundamentals remain strong, with healthy occupancieseven if they have softened somewhat from record highs and rising rents. He cultivates strong relationships with advisors and leaders in real estate across Canada. Senior National Director, Research | Canada. Please try again. Specializing in the big picture and the fundamentals driving real estate - demographics, the macro environment and the global economy. Leasing Brokerage - Tenant Representation, RoseFellow: Industrial Real Estates Disruptors, Pandemic Sensitivity Analysis for Landlords. Stay ahead with industry-leading research, insights and perspectives, Download secure information about the listings you're interested in. Colliers is a leading, highly differentiated global real asset and alternative asset investment manager that delivers top-tier returns. Madeleine has expertise at all levels of new business development from strategic planning and acquisitions to prospecting, pitching, negotiating offers and leases, and build out of space. Asia Pacific . Colliers Property Appraisal Services provides investors with bank recognized, accurate appraisals for commercial properties. Debt Market Reports; Local Market Report; National Report; Special Topics; National Market Snapshot Q1 2023. Upon moving to . Senior Managing Director, Industrial | GTA, Senior National Director, Research | Canada. Working her way up from Research Analyst to Manager for the Calgary office, Susan analyzed thousands of commercial real estate transactions and is extremely knowledgeable about the commercial real estate market in Calgary. Debt Market Reports; Local Market Report; National Report; Special Topics; National Market Snapshot Q1 2023 . BizLeads. In terms of year-over-year change, it is not surprising that spending remained strong among industries related to outfitting and recreation as things began to normalize in 2021 since the onset of the COVID-19 pandemic. Asia Pacific Change country Canada. He focuses on developing the capabilities of the national research team that leverages Colliers' best-in-class market intelligence and platforms to provide clients with valuable market insights.Leo joined Colliers International in 2008 and was most recently the Regional Director of Research for Eastern Canada.He has over 15years of experience in the real estate market across Canada and New Zealand and draws on his professional experience as a commercial appraiser and real estate consultant. Stay ahead with industry-leading research, insights and perspectives, Download secure information about the listings you're interested in. Madeleine has dual Canadian-British citizenship, has lived on 3 continents and travelled to 33 countries. He focuses on developing the capabilities of the national research team that leverages Colliers' best-in-class market intelligence and platforms . She joined the organization in March 2020, starting her Colliers Leadership career in Toronto before relocating to Vancouver. Kate is Head of Research for Colliers in Ireland. Although economic conditions have seemed less than desirable, the retail sector has not been hit as hard. We would like to emphasize that Colliers does not manage rental units for residential purposes in Toronto. Market Reports. Director, National Research Operations | Canada. Click here for more assistance. . Leasing Brokerage - Tenant Representation, RoseFellow: Industrial Real Estates Disruptors. Mar 31, 2023 RTO: Vacancy rates tick down despite sector challenges Vacancy rates in Pittsburgh decreased from 15.3% in Q1 2023 to 14.6% in Q2 2023, an indication that positive strides are being made despite the recovery challenges the office market currently faces. Skip to main content Skip to footer Note you are now viewing the Colliers Canada website. . Note you are now viewing the Colliers Canada website. Formerly head of Canada research at Cushman Wakefield and Director of Analytics at Oxford Properties. In prior years, after starting her career in assessment, Susan spent over seven years with RealNet Canada, the leading provider of third-party commercial real estate sales information. Global capital is back! Colliers Research is the industry cornerstone of authoritative statistics, forecasts and market commentary across Canada Despite remaining high, office vacancy marginally improved to 18.7% n Q1 2023 from 18.8% in Q4 2022. Debt Market Reports; Local Market Report; National Report; Special Topics; National Market Snapshot Q1 2023. In the Bank of Canadas Business Outlook Survey for the fourth quarter of 2021, about 4 in 10 firms reported that labour shortages are constraining their sales. Leo Lee is the Director of National Research Operations | Canada and oversees the strategic direction and operations of Colliers Canada Research. Madeleine has dual Canadian-British citizenship, has lived on 3 continents and travelled to 33 countries. Her continuing work with local, national, and international media as a commentator for thecommercial real estate sector has given herrecognitionwithin theindustry as one of the preeminent sources of information and knowledge for leasing and transaction analysis and market trends. Ranked as a Top Performer at Colliers, Janina has over 28 years of advisory experience, having worked mainly in real estate brokerage specializing in investment transactions. Comprehensive commercial property services for selling, leasing or developing real estate in Canada. Q2 2023 saw total available space surge from approximately 8.9 million square feet to over 12 million; though this quarterly increase is the largest the GTA has experienced in years, the industrial availability rate hovers around only 1.4%. Be the first to hear about new properties, news, and research that match your interests. For the first time since Q1 2020, the Downtown Core reported positive net absorption, resulting in a 20-basis point decline in vacancy, quart-over-quarter. Our weekly report gives you the latest key figures and news for the Nordic property market. Be the first to hear about new properties, news, and research that match your interests. . Madeleine is a champion and ally of Colliers Diversity & Inclusion program, volunteering her time as the Co-Chair for The Colliers Women's Network. High-quality expert analysis and market research to help you successfully buy, sell, lease or develop property. Our latest Global Insights & Outlook Office Report finds that varying return to office approaches post-COVID, underlying fundamentals of city functionality, approaches towards ESG-compliance differences and how markets have reacted to shifts in inflation and interest rates have created significant divergence in office investment volumes, pricing, and appetite globally. Peter focuses on maximizing value and minimizing risk by developing unique solutions to achieve clients real estate goals. Download Report By Joey Roi Bondoc Feb 8, 2022 Improving business and consumer confidence to spill over to the residential market The spread of the Omicron variant of Covid-19 has delayed the much-anticipated recovery of the residential market. He is a big advocate of the tools and integrated services at Colliers, looking at ways to bring the right people together to achieve success for clients and the business. Click here for more assistance. For the first time since the start of the pandemic, QoQ growth in vacant office space is at its lowest after increasing by only 80 bps to 12.3% across the region. according to a report Colliers issued Thursday. Note you are now viewing the Colliers Canada website. Madeleine is a champion and ally of Colliers Diversity & Inclusion program, volunteering her time as the Co-Chair for The Colliers Women's Network. Jun 27, 2023 The U.S. multifamily market finds itself in an odd spot. Properties. Sublease activity is, again, in decline for a second consecutive quarter with only 175,000 square feet of new sublet space on the market during Q3 2022, down from 244,000 square feet in Q2. The Canadian Retail sectorexhibited signs of sheer resilience and recovery during the COVID-19 pandemic. In between periods with Avison Young, she spent over five years with Calgary Economic Development; first as their Business Development Manager specializing in Real Estate, helping companies bringing their business to Calgary navigate the local commercial real estate market, then as their overall Research Manager providing economic analysis and commentary on the Calgary market. Change country Canada. the listed property companies have gone from being the largest net buyers to the largest net sellers in the market. She has exceptional tenant relationship management and knowledge in the redevelopment of properties to maximize value. Log into your account at any time to update your preferences. Property Types. Learn more News June 1, 2023 Colliers releases annual Global Impact Report May 16, 2023 View Expert Adam Jacobs. Note you are now viewing the Colliers Canada website. She has exceptional tenant relationship management and knowledge in the redevelopment of properties to maximize value. Vacancy rates for all retail property types have seen vacancy rates declined in 2021. She was responsible for dozens of reports on the Calgary commercial real estate market, covering office, retail and industrial leasing as well as business condominium properties and commercial property sales. Local Market Report; National Report; Special Topics; National Market Snapshot Q1 2023. As transactional activity ramps up in parts of the Greater Montreal Area (GMA), vacancy and availability continued showing signs of a plateau driven by efforts to right-size as well as flight-to-quality trends. Market Reports. Subscribe to Property Alerts. Note you are now viewing the Colliers Canada website. There is currently 2.2 million square feet of total sublease space. Asia Pacific . Note you are now viewing the Colliers Canada website. Skip to main content Skip to footer Note you are now viewing the Colliers United Kingdom website. The 2022 Global Investor Outlook report is Colliers annual in-depth exploration of investor sentiment, strategies and the forces set to shape real estate markets around the world.
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