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Highlights of the third quarter retail report include:
At the beginning of the third quarter of 2009, the Bank of Canada declared the recession in Canada was over, and they are now predicting a slow and gradual recovery. This announcement has been followed up by predictions that Canada will lead the G-7 in economic growth in 2010.
Retail transaction activity continues to recover after several months of limited activity. There is still some hesitation by tenants to commit to leasing space; however, as the economy continues to strengthen and landlords and tenants adjust their expectations, interest and activity is increasing and deals are beginning to occur. Retailers are realizing that now is a good time to take advantage of the
increased opportunities available and the lease rates they can achieve. Tenants are still in a better place to negotiate but as the economy improves, the power in a negotiation will shift back to a more balanced level for the tenant and landlord.
Contact Josh Cunningham at 604.661.0868 for more information.
  Q3-09 Retail Report - E.pdf
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