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Crombie REIT’s Retail Rent Surge | Toronto News
Crombie REIT is crushing it with rent growth, hitting double-digit lease renewal increases for seven straight quarters—thanks to grocery-anchored retail spaces that draw steady foot traffic and command premium rents in a tight market. With 97.5% occupancy near record highs, they’re locking in strong returns by acquiring more properties like Safeway locations and upgrading existing anchors to boost tenant satisfaction and traffic. This isn’t an isolated win: peers like Choice Properties and RioCan are seeing the same demand-driven surge, proving essential retail anchored by grocery stores…
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