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National Retail Report Spring 2017

National Retail Report Spring 2017

National Retail Report Spring 2017

Spring 2017 Key Highlights

  • The ongoing evolution of shopping malls is being fueled by fortuitous planning and geographic conditions; large vacancies left by Target and other brands; and a coincident rise in urban land values.
  • As projected by Colliers last year, British Columbia regained 3rd place in 2016 by eclipsing Alberta’s sales total for the first time this decade.
  • A strong holiday shopping season – particularly in Ontario – led to national retail sales of $550.79 billion in 2016 – 5.1% more than 2015 and above Colliers’ projection of 4.2% growth.
  • Alberta has started the year off strong, ranking 3rd in retail sales growth at 7.2%. This reflects a dramatic shift in consumer confidence compared to the first quarters of 2015 and 2016.
  • Colliers began surveying brokers and research specialists in 2010 to provide our clients a greater understanding of how base rental rates and vacancy rates compare across the country. This report contains the 8th edition of our major market survey and, for the first time, features graphs for each market showing the last five years as trend lines.

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