Learn who we are and how we serve our community
Meet our leaders, trustees and team
Developing the next generation of talent
Covering the latest news and trends in the marketplaces industry
Check out wide-ranging resources that educate and inspire
Learn about the governmental initiatives we support
Connect with other professionals at a local, regional or national event
Find webinars from industry experts on the latest topics and trends
Grow your skills online, in a class or at an event with expert guidance
Access our Member Directory and connect with colleagues
Get recommended matches for new business partners
Find tools to support your education and professional development
Learn about how to join ICSC and the benefits of membership
Stay connected with ICSC and continue to receive membership benefits
Canada’s legalization of recreational marijuana in October will spur a retail real estate “gold rush,” boosting demand and rent, says RioCan Real Estate Investment Trust CEO Edward Sonshine.
Specifically, it could create demand for 200,000 square feet of retail space, Sonshine said in an earnings call on Wednesday, as reported in Bloomberg. And that number could shift, depending on government regulations, he noted.
RioCan CEO Edward Sonshine: Cannabis legalization will bring leasing 'gold rush'
Major retail landlords could have an important role to play in the orderly provision and distribution of such stores.
“There’s no question that whatever rules finally come down, they’re not going to want four cannabis stores at one corner — there’s going to be some control over that,” Sonshine said. The so-called gold rush will come, he noted, as retailers begin “looking to stake a claim at the best locations, many of which we own.”
By Edmund Mander
Director, Editor-In-Chief/SCT