1、Canada Retail Rent SurveyCBRE RESEARCH H1 2025REPORTIntelligent Investment Executive SummaryCBREs H1 2025 Retail Rent Survey presents a snapshot of retail trends and rents for 11 cities across Canada.Alex EdmisonSenior Vice PresidentChristina CattanaResearch ManagerExecutive Summary2CBRE RESEARCH202

2、5 CBRE LIMITEDIntelligent InvestmentCanada Retail Rent Survey H1 2025|ReportThe Canadian retail landscape was thrown into a period of flux in the first half of 2025.Ongoing trade war negotiations,the Canadian federal election and economic uncertainty came to a head and weighed on the marketplace as

3、consumer confidence dropped to a historic low in March.It has since rebounded to a more neutral stance as the shock factor from these events waned.The closure of HBC also loomed large over the sector during this time and will do so for the months and potentially years to follow.All this together,how

4、ever,hasnt spelled widespread dread across the industry.Instead,retail fundamentals have continued to hold up and perform remarkably well.Deals,while taking longer to close,are still getting done albeit with greater levels of scrutiny.Tenant demand remains at a very healthy level with activity comin

5、g through almost all sectors although most particularly from health and wellness,fitness,grocery and restaurants.And,while consumers have tightened up their discretionary spending,they have continued to make purchases in a more intentional manner.The long-term trajectory remains positive.Canadas pop

6、ulation continues to grow and with the notable exception of HBC anchored shopping centres,supply of quality retail space remains constrained.We anticipate that vacancy will remain low into the foreseeable future and rental rates for quality properties will continue to appreciate,albeit at a modest r