Canadian Commercial Real Estate Faces Rapid Expansion and Potential Transformation

CBRE’s 2015 Commercial Real Estate Outlook depicts a period of shifting business practices and consumer demands

TORONTO, December 1, 2014 – While some will be apprehensively watching interest rates in 2015, Canadian businesses, employees and consumers will be busy confronting significant demographic, economic and technological change according to CBRE Limited’s 2015 Canadian Market Outlook. This new report provides tenants, owners and investors with a comprehensive view of what is in store for commercial property from coast to coast in 2015.

Multiple cross currents will shape the Canadian commercial real estate market in the year ahead. Canada is in the midst of a major office and industrial construction cycle, while the next generation of business is ushering in new business practices and real estate requirements. Retailers continue to adjust to the realities of e-commerce, while anticipated decisions by Sears and Target have the potential to shape the retail market for the next decade. And while Canada’s largest cities are struggling to cope with rapid population growth, an unprecedented wave of investment capital is seeking to purchase commercial property in major markets.

“In an environment of change, the bold and the visionaries will benefit most,” said Tom Balkos, a Canadian Director of CBRE Limited’s Retail Services Group.

While there is change on a number of fronts, no matter where you are on the commercial real estate spectrum, accessibility and the need to move people and goods with ease will be the topic that unifies all commercial property types and cities in Canada. The 2015 Canadian Market Outlook also delves into the latest trends in the hotel, seniors housing and apartment markets.

Click here to download CBRE Limited’s 2015 Canadian Market Outlook, including commentary from local real estate insiders, a statistical forecast and a list of projects to watch for Vancouver, Edmonton, Calgary, Winnipeg, Southwestern Ontario, Toronto, Ottawa, Montreal and Atlantic Canada.

About CBRE
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

In Canada, CBRE Limited employs approximately 2,045 people in 23 locations from coast to coast. Please visit our website at www.cbre.ca.
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