Retail sales per square foot further increased by 5.3% in 2017 in the GMA.
Sainte-Catherine Street retailers have yet to experience the effects of the revitalization of the artery, which should last for four years; actually, a few tenants are currently looking for space on this street, including two Asian banners.
Mixed-use developments are growing more frequent, especially in suburban submarkets where land is more plentiful. The latest announcement was about the $500 million development above Terminus Longueuil.
Buyers and lenders are showing caution in retail investment. The average sale price declined by 6.2% since 2016, even though more transactions were closed.