1、Canada Retail Rent SurveyCBRE RESEARCH H1 2023REPORTIntelligent Investment CBREs H1 2023 Retail Rent Survey presents a snapshot of retail trends and rents for 11 cities across Canada.Kate Camenzuli Vice PresidentChristina CattanaResearch ManagerExecutive SummaryExecutive Summary2CBRE RESEARCH2023 CB

2、RE LIMITEDIntelligent InvestmentCanada Retail Rent Survey H1 2023|ReportThe Canadian retail landscape experienced positive but mixed results in the first half of the year,with stronger performance being reported in select formats or nodes.The current economic climate,inflation and elevated interest

3、rates have paused leasing activity amongst some retailers,but not all.The most active category groups vary by market and are most frequently led by QSR and personal services.As has been the case,good real estate continues to be leased quickly,resulting in limited vacancy amongst the most in-demand f

4、ormats,particularly those that are unenclosed.This is expected to continue,and when paired with a softening supply pipeline -a byproduct of higher construction costs-could result in further rental appreciation over the next six months.Select cities have noted challenges with downtown areas,citing sl

5、ower foot traffic from reduced office occupancy.This sentiment and its subsequent impact on urban retail formats are not uniform across the country;however,this category represents the greatest share of rent increases reported in this survey.In fact,five of 11 markets saw rental appreciation in two

6、or more key urban nodes.High streets in Toronto,namely Bloor-Yorkville,remain a top destination for high profile retailers.Meanwhile,Sainte Catherine Street West in Montreal has seen an uptick in activity with initial phases of construction of the street revitalization nearing completion.More upward