{"id":27737,"date":"2026-05-19T10:10:53","date_gmt":"2026-05-19T17:10:53","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=27737"},"modified":"2026-05-18T13:17:51","modified_gmt":"2026-05-18T20:17:51","slug":"commercial-real-estate-growing-more-selective-activity-industrial-market-holds-firm","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2026\/05\/commercial-real-estate-growing-more-selective-activity-industrial-market-holds-firm\/","title":{"rendered":"Commercial Real Estate Growing More Selective Activity, Industrial Market Holds Firm"},"content":{"rendered":"<p style=\"text-align: justify;\">After a turbulent phase for commercial real estate, investors are getting excited again, though they remain \u201chighly selective,\u201d according to Remax Canada.<\/p>\n<p style=\"text-align: justify;\">Remax\u2019s 2026 Commercial Real Estate Report, released today, found office leasing in particular picked up in the first-quarter across 12 major Canadian markets, as return-to-office mandates drum up renewed demand for premium space.<\/p>\n<p style=\"text-align: justify;\">\u201cWhile uncertainty shaped much of 2025, we\u2019re now seeing a clear shift in investor behaviour,\u201d said Damon Conrad, vice president of Remax Canada Commercial.<\/p>\n<p style=\"text-align: justify;\">\u201cCapital remains cautious and focused on preservation, but as financial conditions stabilize, deferred demand is beginning to re-emerge. Investors are highly selective, but they are increasingly prepared to act where income stability and long-term value are evident.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>Demand Concentrates Around Premium Office Space<\/strong><\/p>\n<p style=\"text-align: justify;\">Canada\u2019s office market continues to divide between high-quality, amenity-rich buildings and older properties struggling to attract tenants. Demand has remained strongest for well-located Class A space in downtown cores, while aging assets continue to face leasing pressure in both urban and suburban markets.<\/p>\n<p style=\"text-align: justify;\">Return-to-office policies have helped boost absorption in several major centres, although elevated vacancy rates persist in markets such as Calgary, Winnipeg and London. In some cities, residential conversion programs have helped reduce excess supply and improve market balance.<\/p>\n<p style=\"text-align: justify;\">At the same time, suburban office markets have shown resilience, with strong absorption reported in Calgary, Edmonton, Hamilton, the GTA and Ottawa, as tenants prioritize affordability, accessibility, labour availability and safety.<\/p>\n<p style=\"text-align: justify;\"><strong>Neighbourhood Retail Pulls Ahead<\/strong><\/p>\n<p style=\"text-align: justify;\">Retail remains one of the country\u2019s most resilient commercial asset classes, according to the latest report with strong demand continuing for necessity-based and service-oriented space. Grocery-anchored plazas and neighbourhood retail centres in cities including Calgary, Regina, Hamilton and Halifax are reporting low vacancy rates, while limited inventory is intensifying competition among investors.<\/p>\n<p style=\"text-align: justify;\">The report also points to growing momentum for walkable retail districts featuring boutiques, restaurants and local services in markets such as the GTA, Calgary and Ottawa. These community-focused shopping areas are outperforming more traditional retail formats, supported by steady foot traffic, strong tenant retention and stable rents.<\/p>\n<p style=\"text-align: justify;\">Remax says several cities are also working to revitalize struggling downtown retail corridors. In Winnipeg, for example, a pilot program transformed vacant storefronts and underused public spaces into pedestrian-friendly gathering areas featuring public art, seating and lighting installations.<\/p>\n<p style=\"text-align: justify;\"><strong>Industrial Market Holds Firm<\/strong><\/p>\n<p style=\"text-align: justify;\">Industrial real estate continues to anchor Canada\u2019s commercial market, with strong demand for small-bay and flexible industrial space in several regions. Markets including Edmonton, Regina, Winnipeg, London and Ottawa continue to face tight inventory conditions, while others, such as Vancouver and Hamilton-Niagara, are still absorbing new supply.<\/p>\n<p style=\"text-align: justify;\">The report also notes growing demand for industrial space tied to recreation, logistics and data infrastructure, as developers shift away from stalled condominium projects in Vancouver and the GTA.<\/p>\n<p style=\"text-align: justify;\">\u201cTransaction activity is beginning to build,\u201d said Conrad. \u201cWhile recovery remains uneven, momentum is clearly shifting toward a more active and disciplined investment environment.\u201d<\/p>\n<p><a href=\"https:\/\/realestatemagazine.ca\/commercial-real-estate-investors-growing-more-active-and-more-selective\/\" target=\"_blank\" rel=\"noopener\">Commercial Real Estate Investors Growing More Active &#8211; and More Selective<\/a> by REM Real Estate Magazine<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a turbulent phase for commercial real estate, investors are getting excited again, though they remain \u201chighly selective,\u201d according to Remax Canada. Remax\u2019s 2026 Commercial Real Estate Report, released today, &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2026\/05\/commercial-real-estate-growing-more-selective-activity-industrial-market-holds-firm\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-27737","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commercial Real Estate Growing More Selective Activity, Industrial Market Holds Firm &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2026\/05\/commercial-real-estate-growing-more-selective-activity-industrial-market-holds-firm\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Commercial Real Estate Growing More Selective Activity, Industrial Market Holds Firm &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"After a turbulent phase for commercial real estate, investors are getting excited again, though they remain \u201chighly selective,\u201d according to Remax Canada. 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