投資家や開発業者が非常に需要の高い長期テナントやスペースユーザーを確保しようと急いでいるため、マーケット活動が活発になっています。トロントの空室率は、アメリカの大多数の地域よりも低く、この市場は急速に拡大しています。他のカナダの市場ではさまざまな空室率があり、全国平均はわずか6％を少し超えており、これはメンバーが好む以上のものです。

• 1 イントロダクション

  • 1.1 調査の前提

  • 1.2 本調査の範囲

• 2 調査手法

• 3 エグゼクティブサマリー

• 4 市場についての洞察

  • 4.1 現状の経済シナリオと消費センチメント

  • 4.2 商業用不動産購入トレンド - 社会経済および人口動態的観点からの考察

  • 4.3 政府の取り組み、商業不動産セクターの規制の側面について

  • 4.4 既存および今後のプロジェクトの考察

  • 4.5 一般経済、不動産融資の金利レジームに関する洞察

  • 4.6 商業不動産セグメントにおける賃貸利回りの洞察

  • 4.7 商業不動産市場における資本市場ペネトレーションおよびREITのプレゼンスの考察

  • 4.8 商業不動産における官民パートナーシップの洞察

  • 4.9 不動産テックと不動産セグメント（仲介、ソーシャルメディア、施設管理、プロパティマネジメント）で活躍するスタートアップのインサイト

  • 4.10 COVID-19の市場インパクト

• 5 市場ダイナミクス

  • 5.1 促進要因

    • 5.1.1 小売セクターの進化が市場を牽引

    • 5.1.2 トロントとバンクーバーのオフィススペースが増加

  • 5.2 抑制要因

  • 5.3 市場機会

    • 5.3.1 海外バイヤーからの需要の高まり

    • 5.3.2 市場の成長に寄与する不動産のデジタル化

  • 5.4 業界魅力度 - ポーターのファイブフォース分析

    • 5.4.1 サプライヤーの交渉力

    • 5.4.2 消費者／バイヤーのバーゲニングパワー

    • 5.4.3 新規参入の脅威

    • 5.4.4 代替品の脅威

    • 5.4.5 競合・競争状況の激しさ

• 6 市場セグメンテーション（市場規模、金額）

  • 6.1 タイプ別

    • 6.1.1 オフィス

    • 6.1.2 リテール

    • 6.1.3 産業

    • 6.1.4 マルチファミリ

    • 6.1.5 ホスピタリティ

  • 6.2 主要都市別

    • 6.2.1 トロント

    • 6.2.2 バンクーバー

    • 6.2.3 カルガリー

    • 6.2.4 オタワ

    • 6.2.5 モントリオール

    • 6.2.6 エドモントン

    • 6.2.7 その他のカナダ

• 7 競合情勢

  • 7.1 Market Concentration

  • 7.2 企業プロファイル

    • 7.2.1 Developers

      • 7.2.1.1 オンニグループ
      • 7.2.1.2 ウエストバンク株式会社
      • 7.2.1.3 アマコン
      • 7.2.1.4 ピナクルインターナショナル
      • 7.2.1.5 アンセム・プロパティーズ・グループ・リミテッド
      • 7.2.1.6 ナイツブリッジ開発株式会社
      • 7.2.1.7 チャード開発
      • 7.2.1.8 TAGデベロップメンツ
      • 7.2.1.9 グッドマンコマーシャル
      • 7.2.1.10 リデブ・プロパティーズ*社

    • 7.2.2 Real Estate Brokerage Firms

      • 7.2.2.1 マニュライフ不動産
      • 7.2.2.2 ハーヴェイ・カレス不動産
      • 7.2.2.3 マックスウェル不動産*

    • 7.2.3 その他企業（スタートアップ、アソシエーションなど）

      • 7.2.3.1 Brookfield Global Integrated Solutions
      • 7.2.3.2 Relogix
      • 7.2.3.3 Realtor 360
      • 7.2.3.4 Hausway
      • 7.2.3.5 Dream Office REIT
      • 7.2.3.6 Cominar REIT
      • 7.2.3.7 Allied REIT*

• 8 市場の展望

• 9 投資分析

• 10 付録

The Canada Commercial Real Estate Market size is estimated at USD 77.09 billion in 2024, and is expected to reach USD 111.12 billion by 2029, growing at a CAGR of 7.59% during the forecast period (2024-2029).

Commercial real estate in Canada has witnessed tremendous growth and strong performance over the past thirty years. Industry participants have enjoyed outstanding possibilities for investment, asset development, service development, and property management.

However, the COVID-19 pandemic altered the real estate market's environment in Canada. The global cascade of corporate closures, restricted borders, and reduced spending habits affected investors, landlords, and tenants. They monitored the effects of COVID-19 and dynamically adjusted their operations and backup plans to support their operations and personnel on a daily basis.

In actuality, there is a direct link between population, employment, and real estate performance growth. The need for space grows along with a company's growth and expansion, and so does the cost of real estate to accommodate the addition of new personnel, goods, or services. Over the past thirty years, demand and space absorption have largely stayed positive in the office and industrial sectors.

Other elements that contribute to the expanding productivity gap include Canadian businesses' propensity to avoid competition, which is demonstrated by their comparatively low export intensity in comparison to other nations. Canada invests less in ICT than other developed nations in the mining, oil and gas, manufacturing (a proxy for industrial space), and banking (a proxy for office space) industries, three key contributors to our economy.

Several American firms, including Costco, Home Depot, Walmart, Apple, and others, have opened up shop in Canada. In order to stay competitive, Canadian merchants have been compelled to invest in their business models. The impressive legacy Additionally sold to American investors, Hudson's Bay Company is now gaining market share as a result of the increased investment and rivalry. As a result, this industry's production and retail spending have both increased significantly.

As technology improves the "path to purchase" for customers and the retail experience, store measurements continue to change. Mobile price monitoring is posing a competitive threat by minimizing the need for store visits and in-store transactions. In reaction to this trend, every store is uniquely realigning its portfolios. For instance, Staples is modifying their business strategy to emphasize e-commerce more. To guarantee that their Canadian footprint is optimized, other retailers are also reviewing their shop strategies.

Canada Commercial Real Estate Market Trends

Evolution of retail sector driving the market

The demand for products entering the Canadian market has increased due to the recent decade's robust retail expansion. The majority of the big retailers have acquired or built sophisticated new centers that can satisfy the "just-in-time" requirement of growing retail platforms, which has contributed to the booming storage and distribution business.

Demand often equals new space building because our industrial space is typically given to the market just in time. Because of the rush by investors and developers to secure these highly sought-after long-term tenants and space users, this has boosted market activity.

Because of the rush by investors and developers to secure these highly sought-after long-term tenants and space users, this has boosted market activity. Vacancy rates are lower in Toronto than they are in the majority of the US, a market that is expanding quickly. Other Canadian markets have different rates, with the national average coming in at just over 6%, which is slightly more than what members like.

Although asking rents have grown significantly, effective retail rentals have yet to make any headway toward catching up to inflation. Only a slight rise in average rental rates has been observed. While Vancouver continues to lead the pack in terms of rental rate appreciation, closely followed by Toronto, Calgary is finally returning to pre-pandemic levels.

Office spaces in Toronto and Vancouver are increasing

Office occupancy rates in downtown Toronto and Vancouver are rising swiftly. The third quarter of 2022 saw Canadian office markets continue to grow, with CBRE's new Q3 Figures report providing signs of growth in downtown areas despite resurgent demand for premium office space.

According to industry experts, Canadian office markets have proven extraordinarily resilient despite years of pandemic-related obstacles, new supply additions, persistent remote work issues, as well as a pending economic recession.

These most recent statistics provide solid proof that cities' vitality and momentum are returning, supporting increased leasing activity. Despite the fact that the economy is the center of attention, it is proving to be harder to anticipate than normal.

Indian IT service business Mphasis chose Calgary's First Tower as the location for its brand-new 26,160 square-foot Canadian headquarters. Microsoft secured a deal for about 400,000 square feet at the B6 building in Vancouver (1090 W Pender Street).

In the meantime, Toronto saw medical technology vendor PointClickCare increase its presence by acquiring 90,000 square feet over three floors at The Well, one of the most well-known new complexes in the city.

In 2022 Q3, downtown vacancy decreased in seven of Canada's ten major office cities, while suburban vacancy decreased in five of those markets. In the midst of a flurry of leasing transactions, Calgary, Waterloo Region, and Vancouver all saw their downtown and suburban office vacancy rates decline, making them the actual MVPs of the quarter.

Canada Commercial Real Estate Industry Overview

The Canadian commercial real estate market is fragmented, with local and few international players. The Canadian commercial real estate market is attracting many investments supported by an increasing number of real estate acquisitions and an increase in new property builders. Some leading Canadian commercial real estate players include Onni Group, WestBank Corp., Amacon Developers, and Maxwell Realty.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

• 1 INTRODUCTION

  • 1.1 Study Assumptions

  • 1.2 Scope of the Study

• 2 RESEARCH METHODOLOGY

• 3 EXECUTIVE SUMMARY

• 4 MARKET INSIGHTS

  • 4.1 Current Economic Scenario and Consumer Sentiment

  • 4.2 Commercial Real Estate Buying Trends - Socioeconomic and Demographic Insights

  • 4.3 Government Initiatives, Regulatory Aspects for the Commercial Real Estate Sector

  • 4.4 Insights on Existing and Upcoming Projects

  • 4.5 Insights on Interest Rate Regime for General Economy, and real estate lending

  • 4.6 Insights on rental yields in commercial real estate segment

  • 4.7 Insights on capital market penetration and REIT presence in commercial real estate

  • 4.8 Insights on public-private partnerships in commercial real estate

  • 4.9 Insights on real estate tech and startups active in real estate segment (broking, social media, facility management, and property management)

  • 4.10 Impact of COVID-19 on the market

• 5 MARKET DYNAMICS

  • 5.1 Drivers

    • 5.1.1 Evolution of retail sector driving the market

    • 5.1.2 Office spaces in Toronto and Vancouver are increasing

  • 5.2 Restraints

    • 5.2.1 High interest rates tend to slowdown business growth

    • 5.2.2 Increasing cost of real estate affecting the growth of the market

  • 5.3 Opportunities

    • 5.3.1 Increasing demand from international buyers

    • 5.3.2 Digitization of properties contributing to the growth of the market

  • 5.4 Industry Attractiveness-Porter's Five Forces Analysis

    • 5.4.1 Bargaining Power of Suppliers

    • 5.4.2 Bargaining Power of Consumers / Buyers

    • 5.4.3 Threat of New Entrants

    • 5.4.4 Threat of Substitute Products

    • 5.4.5 Intensity of Competitive Rivalry

• 6 MARKET SEGMENTATION (Market Size By Value)

  • 6.1 By Type

    • 6.1.1 Office

    • 6.1.2 Retail

    • 6.1.3 Industrial

    • 6.1.4 Multi-family

    • 6.1.5 Hospitality

  • 6.2 By Key Cities

    • 6.2.1 Toronto

    • 6.2.2 Vancouver

    • 6.2.3 Calgary

    • 6.2.4 Ottawa

    • 6.2.5 Montreal

    • 6.2.6 Edmonton

    • 6.2.7 Rest of Canada

• 7 COMPETITIVE LANDSCAPE

  • 7.1 Market Concentration

  • 7.2 Company Profiles

    • 7.2.1 Developers

      • 7.2.1.1 Onni Group
      • 7.2.1.2 WestBank Corp
      • 7.2.1.3 Amacon
      • 7.2.1.4 Pinnacle International
      • 7.2.1.5 Anthem Properties Group Limited
      • 7.2.1.6 Knights Bridge Development Corp
      • 7.2.1.7 Chard Development
      • 7.2.1.8 TAG Developments
      • 7.2.1.9 Goodman Commercial
      • 7.2.1.10 Redev Properties*

    • 7.2.2 Real Estate Brokerage Firms

      • 7.2.2.1 Manulife Real Estate
      • 7.2.2.2 Harvey Kalles Real Estate
      • 7.2.2.3 Maxwell Realty*

    • 7.2.3 Other Companies (startups, associations, etc.)

      • 7.2.3.1 Brookfield Global Integrated Solutions
      • 7.2.3.2 Relogix
      • 7.2.3.3 Realtor 360
      • 7.2.3.4 Hausway
      • 7.2.3.5 Dream Office REIT
      • 7.2.3.6 Cominar REIT
      • 7.2.3.7 Allied REIT*

• 8 FUTURE OF THE MARKET

• 9 INVESTMENT ANALYSIS

• 10 APPENDIX