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Commercial real estate trends shifting toward purpose-built rentals: Re/Max report

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TORONTO — An analysis of 12 of the largest Canadian commercial real estate markets shows developers have shifted their focus toward purpose-built rental construction, some at the expense of new residential condominiums and commercial buildings.

Re/Max Canada's 2024 Commercial Real Estate Report, which examined the dozen markets during the first quarter of this year, said multi-family and industrial real estate were the top-performing asset classes in all cities.

But due to Canada's growing population, which now tops 40 million people, the efforts to boost residential construction are still not enough, said Re/Max Canada president Christopher Alexander. It also highlighted trends such as a hospitality industry that "has roared back to life" in many regions, and strong demand for industrial real estate across Canada.

 

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Commercial real estate trends shifting toward purpose-built rentals: Re-Max reportAn analysis of 12 of the largest Canadian commercial real estate markets shows developers have shifted their focus toward purpose-built rental construction, some at the expense of new residential condominiums and commercial buildings.
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