Commercial Real Estate Trends Shifting Toward Purpose-Built Rentals: Re/Max Report

Commercial Real Estate Trends Shifting Toward Purpose-Built Rentals: Re/Max Report
A commercial retail space is advertised for lease along King Street West in Toronto on March 9, 2021. The Canadian Press/Tijana Martin
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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.