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Research Outline
Prepared for Peter P. | Delivered October 31, 2019
Canadian Commercial Real Estate Research
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Goals
To gain a robust understanding of the Canadian commercial real estate industry.
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Early Findings
Canada's commercial real estate industry saw a boon year in 2018, with transactions up
38%
.
The spike was fueled by two
major
M
&
A
s
: CREIT acquired by Choice Properties and PIRET was acquired by Blackstone.
Toronto and Vancouver
are the highest locations for commercial real estate investment.
In addition to those two cities, PwC Canada names Ottawa, Halifax, Montreal, Saskatoon, Quebec City, Edmonton, Winnipeg and Calgary as "
markets to watch
".
Retail is
expected
to have a smaller footprint but office buildings will see healthy growth.
Some expected
d
i
s
r
u
p
t
o
r
s
to the industry will be construction technology,
c
y
b
e
r
s
e
c
u
r
i
t
y
, big data analytics and coworking.
One
segment
growing significantly is the medical office.
Overall, the office market enjoys a very
low vacancy
rate, hitting its lowest ever in 13 quarters in Q4 2018. "
Maturing and new tech tenant
s" make up 22.7% of the market, further concentrated in Toronto and Vancouver.
The office market had
7.1 million square feet
in net absorption in 2018. The pipeline is predicted to expand
27.1% YOY
to 14.2 million square feet.
In addition to this public search, we scanned our proprietary research database of over 1 million sources and were unable to find any specific research reports that address your goals.
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