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The Greater Toronto Area office market is being pushed into its next development cycle by the record-low vacancy rates in downtown, according to Avison Young's Q1 office market report. 
Almost 814K SF was absorbed in the GTA in Q1 2017, with most of that in Class-A buildings, Avison Young reports. Downtown continues to be the place that tenants want to be. The downtown overall vacancy rate was 3.3% in…
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RioCan, Killam Form JV For Ottawa Residential Development
RioCan REIT and Killam Apartment REIT are creating a JV to develop a residential community in Ottawa's Gloucester City Center. The development will be on 7.1 acres next to RioCan's Gloucester Silver City Shopping Centre. RioCan and Killam each own a…
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Great Restaurant Design Stands The Test Of TimeThe U.S. restaurant industry is the nation's second-largest private sector employer, with a workforce of 14.7 million people. The National Restaurant Association is forecasting industry sales reaching $799B in 2017. But it is a hard industry in which to succeed: 60% of new restaurants close or change ownership within their first year of opening and 80% shut their doors within five years. There are myriad reasons for this, from bad locations and poor business fundamentals to lax management and ownership. But the most successful restaurateurs seem to put as much care and thought into the design of their spaces as they do the food concepts and menus. |
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Beyond Digital: The Future Of Retail Depends On Genuine InnovationDespite the dismal state of retail sales, it is a golden age of retail innovation and reinvention. While technology is central to modern retail, a change in the way retailers think about their product is just as critical to stay ahead of the pack. 
Retailers' products are more than just the items for sale on the shelves. Customers are buying the whole experience of shopping — the feeling of pleasure, exclusivity and access to resources that they do not normally have. Brick-and-mortar stores that want…
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Brick-and-Mortar/E-Commerce Marriages Are Forging Retail's Future SuccessThe wall between established brick-and-mortar retailers and e-commerce startups has diminished with the omnichannel retail trend, but not all e-tailers are ready to be acquired. “We grew by 54% last year,” Indochino CEO Drew Green said. “We've explored partnerships with department stores and might look again in the future, but we aren't there yet. We're focused on our own set of plans.” Green's custom menswear company originated online and has since opened 13 physical showrooms in major cities like Vancouver (its corporate hometown), San Francisco and New York. |
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Know A Rock Star Recent Grad Hungry To Prove Themselves? We'll Pay You For A Referral.
Do you know a smart, hard-working, passionate go-getter graduating from college this spring? Or perhaps they graduated last year ... and that flashy new job just ain't challenging them quite the way they had hoped. Remind you of anyone? Bisnow might be…
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