The changing face of retail
Retail has been one of the more vulnerable asset classes during the pandemic crisis. Landlords and tenants are facing some unprecedented challenges and legalities, with the closures of many retail stores, restaurants and shopping centres. Landlords with necessity-based retailers look to be at an advantage, while many other retailers quickly transition online to keep businesses afloat. As consumer confidence dwindles and discretionary spending weakens, landlords may be faced with considering a different tenant offering, perhaps more tech-driven, experiential and exclusive-type services or may consider repurposing their spaces entirely as some retailers exit their centres and others adapt to changing consumer behaviours. With all of these changes comes with its own set of opportunities and challenges for investors, developers, owners and tenants.
With our deep experience in the retail sector – including valuations, tax and property development, we can help facilitate this transition into the future. Explore our experience and check out our latest research and insights. We can help.
Watch | The shift in retail
In this webinar, our experts looked at the evolution of retail in Canada by breaking down the trends and looking at some of our market stats and industry case studies.
Recorded: October 9, 2019
Viewers can expect to learn about:
- Changing demographics and consumer behaviour
- Experiential trends like ‘retailtainment’ and food halls
- E-commerce and its impact on industrial and retail spaces
- Mixed-use redevelopment opportunities
- Retail investment valuation trends
- Property tax implications for redevelopment and intensification (i.e. effect on tenant recoveries)
- And more…
Real estate values for retail assets are not defined by short-term volatility
Jun 12, 2020
There’s no need to be to be a real estate expert to see that social distancing measures and the shutdown of nonessential businesses represent a hard blow to shopping centre owners.
Three questions to keep in mind when securing a commercial appraisal
Nov 29, 2018
Having a reliable, top quality commercial appraisal puts power in your hands. It clarifies and enhances information, reduces risk and ultimately contributes to successfully completing a wide range of real estate transactions. When renewing a mortgage on a property for example, with a timely, accurate appraisal in hand, a borrower can negotiate with a variety of lenders for the best financing terms.
2020 Canadian Cost Guide
Jan 29, 2020
Altus Group's 2020 Canadian Cost Guide is the leading guide to real estate development and construction project costing. Download it today.
Retail in St. John’s: how to make sense of building more shops in a sagging economy
Mar 27, 2017
In 1995, the majority of retail was represented in enclosed malls followed by neighbourhood strip centers until the introduction of the first power center in the mid 1990’s. Over the past twenty years, the vast majority of growth in retail has occurred through the development and growth of power center locations.
Put pro formas to work to understand and manage development risks and protect your profits
Aug 14, 2019
Rising land values and construction costs in the real estate market over the past several years are raising risks for developers, lenders and equity investors. This precarious situation requires a new approach for understanding and managing development risk – an approach with pro formas as the focus.
Analyzing the real estate risk while waiting for a vaccine
Sep 14, 2020
The last few months has allowed us to evaluate the immediate impact of the measures imposed to counter the spread of the virus, in addition to the partial lifting of those measures on the various types of real estate assets.
Events & Webinars
On-demand webinar | The shift in retail
October 9, 2019
A look at the evolution of retail trends in Canada and the impact on mixed-use redevelopment, investment valuation trends, property taxes, and more.
Valuing in turbulent times | Global panel discussion
April 13, 2020
Hear our valuation professionals from around the globe share their perspectives on valuing in turbulent times, and what they are seeing and hearing in the wake of COVID-19
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