Altus Newsroom

Martine Sirois, senior director of Altus Group, discussed the commercial real estate outlook for Montreal. She said the closing of The Bay represents an opportunity for increased revenues for mall owners in Quebec because the department store was paying very low rents. The closures also give developers the potential to densify their sites for uses other than retail. 

Looking back on 25 years of CRE transactions during a more than ordinarily tumultuous time, Altus Group has discovered a somewhat surprising trend. The median size of an asset sold has gotten smaller, but its value has grown, as judged by price per square foot.

Altus Group marked two decades of constant growth, adaptation and technological advancements within its business when it recently celebrated 20 years as a publicly traded company.

Commercial banks have lost 17% of their CRE loan origination share. That could make regaining their previous stature difficult as conditions change. However, Altus Group says there’s a flip side. Non-bank borrowers fall short in the eyes of borrowers in a number of ways that leave the institutions at a disadvantage.

Commercial activity has been mixed during the first quarter, according to Altus Group Ltd.’s quarterly report on CRE investment and transactions. The firm described the market activity as "generally subdued," although pricing trended higher and multifamily and office drew more capital than a year ago.

Unreleased data from Altus Group shared with Commercial Observer currently shows that, while there have been broad declines in investment transactions in terms of the number of deals and the value of assets, retail hasn’t been hit as hard as other sectors thus far.

Altus Group’s Ray Wong spoke with The Globe and Mail regarding investment activity for residential land.

Altus report shows that the UK overtook continental Europe with UK office values rising by 0.9%.

Altus Group’s Robert Santilli and Alice Dale spokes with Retail Insider on how food-anchored retail strips topped the list of the most sought-after property types, continuing a trend established in 2024.

Altus Group’s Chief Communications Officer Camilla Bartosiewicz discusses Altus Group’s 2024 Sustainability Report highlights and what to expect going forward.

Stephen Takacsy, president, CEO and CIO, Lester Asset Management, discusses his top stock picks, including Altus Group.

Altus Group’s Ray Wong connects with RENX on the top deals of 2024, based on Altus Group’s data. Student housing portfolio acquisition, major shopping centre deal take top spots.

Real estate markets in parts of Europe are entering a recovery phase, with values now rising for two consecutive quarters after two years of declines, according to Altus Group, Property Week can reveal.

Canada’s troubled office market has almost reached bottom as it shows signs of recovery, says Altus Group. The hard-hit sector appears to have “turned an important corner” while being fuelled by such key factors as limited new construction, positive leasing momentum and tenants’ emerging in-office mandates for employees, Altus reported.

The Building Industry and Land Development Association (BILD) said in its Monday report there were 310 new home sales in December, which was down 46 per cent from December 2023 and 80 per cent below the 10-year average, according to Altus Group, BILD’s source for new home market data.

High interest rates, slumped property valuations and maturing debts across commercial real estate have weakened investors’ appetites. Altus Group reports that as of the third quarter of this year, transaction volumes were at their lowest point since 2013, while the total square footage that traded was at a nearly 15-year trough.

While office values turned positive across Europe between July and September after months of write-downs, rising by 0.5%, UK offices recorded a further drop in values, of 2.6%, according to data from property analysts at Altus Group. Only a handful of London office buildings sold for more than £100m in the first half of 2024.

Altus Group Ltd. says it has closed a deal with tax services and software company Ryan LLC to sell its global property tax business for $700 million. Altus Group chief executive Jim Hannon says the transaction, originally announced last July, accelerates the company's "transformation into a pure-play software, data and analytics platform."