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Nation's Oldest REIT Sees Increasingly Tight Market for Retail Space

RioCan, Rival First Capital Foresee Shortage Affecting Store Expansion Plans
Jonathan Gitlin is the president and CEO of RioCan. (Toronto Star via Getty Images)
Jonathan Gitlin is the president and CEO of RioCan. (Toronto Star via Getty Images)
CoStar News
May 9, 2024 | 3:20 P.M.

RioCan Real Estate Investment Trust, Canada's oldest property investment company, said available retail space is increasingly in short supply and its executives are betting that the nation's biggest population growth in almost 70 years and other market conditions will play to its strengths.

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