From Avison Young:
Canada’s commercial real estate markets experienced some changes in 2013 that could pose challenges in 2014. However, ongoing development is an encouraging sign that the markets remain strong, offering opportunities for occupiers, owners and investors. In the U.S., although delayed by a year due to political gridlock, the return to normal operating conditions and the reduction of monetary easing due to tapering are the catalysts necessary to unlock the capital that has been building up on the balance sheets of investors and occupiers.
These are some of the key trends noted in Avison Young’s 2014 Canada, U.S. Forecast, released today. The annual report covers the office, retail, industrial and investment markets in 36 Canadian and U.S. metropolitan regions: Calgary, Edmonton, Lethbridge, Mississauga, Montreal, Ottawa, Quebec City, Regina, Toronto, Vancouver, Winnipeg, Atlanta, Boston, Charleston, Chicago, Columbus, Dallas, Denver, Detroit, Houston, Las Vegas, Long Island, Los Angeles, New Jersey, New York, Orange County, Philadelphia, Pittsburgh, Raleigh-Durham, Reno, San Diego County, San Francisco, San Mateo, South Florida, Tampa and Washington, DC.
The report looks at Office, Retail, Industrial and overall investment.