Commercial realtors upbeat about the next 12 months

A survey of commercial real estate brokers shows optimism for the sector despite economic concerns. Colliers International Canada’s advisors believe that demand and rents will stay broadly where they are now although they expect the manufacturing sector to excel with 52 per cent expecting higher effective rents and 44 per cent forecasting increased demand. Despite the expectation that demand in Calgary and Edmonton to be flat or decrease, the brokers believe that rents will increase. It is likely to be an occupier market in many areas, especially Calgary and Vancouver, due to significant new supply in the next 12 months.