Real Estate Manager

Real Estate Manager

Location: Toronto, Ontario

Ready for a fresh, new career? Look no further because one of the world’s most iconic brands can help you get there.

Why Join Us? 

At Subway, “better” is baked into our DNA. We are a brand that believes in continued improvement … in our lives, our businesses, and our planet. From the handshake that started our very first sandwich shop to earning our position as the world’s leading restaurant brands, we’ve always embraced change and the path ahead. And today, we're making better living way easier.

Our purpose is about more than the food we serve in our restaurants. It’s centered on fueling healthy businesses and healthier lives. It is one of the most exciting times to join the Subway team and contribute to our transformational journey. 

About the Role:
The Real Estate Manager will play a pivotal role in strategically growing and optimizing Subway's restaurant network, ensuring the financial strength of the restaurants through profitable development. This role requires a strategic thinker with in-depth knowledge of the assigned region to identify, evaluate, and secure prime locations for new Subway restaurants, while also overseeing the site approval process with the leadership team. The incumbent will manage new store openings, relocations, and other real estate activities within their assigned area. Additionally, they will collaborate closely with Single and Multi-Unit Franchisees to support their development targets and goals, acting as a trusted advisor to their real estate efforts. Reporting directly to the Director of Real Estate & Leasing, the Real Estate Manager will work in tandem with the Field Operations and Franchising teams to successfully execute site selections and development initiatives.

Responsibilities include but are not limited to:

• Identify, qualify and pursue high potential real estate opportunities across assigned region.
• Build strong relationships & collaborate directly with growth-qualified Single Unit and Multi Unit Operator Franchisees to support their development targets and goals, acting as a trusted advisor to their real estate efforts.
• Conduct thorough market research, including demographic, traffic pattern, and competitive analysis, to support site recommendations.
• Collaborate with and maintain relationships with regional and national brokers, landlords, developers and municipal authorities to secure optimal locations.
• Work closely & collaboratively with internal teams to prepare and present detailed site proposals, including financial analysis, to obtain corporate approvals.
• Maintain an up-to-date pipeline of potential properties and provide regular progress reports to senior management.
• Calibrate market rents and favorable rent/lease terms in partnership with franchisees for new locations identified in order to submit conditional letters of intent.

Qualifications:

• Bachelor’s degree in real estate, Business, or related field preferred.
• 3-5 years Real Estate experience required, preferably within a retail setting.
• Proven track record in site selection, market analysis, and/or lease negotiations.
• Strong, established network and partnerships with landlords, brokers and developers in assigned territory.
• Strong understanding of real estate market in assigned territory, including zoning laws and regional nuances.
• Experience with analytics tools/ real estate market software.
• Excellent negotiation, interpersonal, and communication skills.
• Proficiency with Excel, PowerPoint and Smartsheet.
• Sitewise, Zeuss, Customer Relationship Management (CRM), Tango and other platforms are required. 
• Ability to manage and oversee site approval presentations, communications and site tracking for real estate in assigned territory.
• Ability to travel within assigned territory for site visits, landlord meetings, franchisee meetings, etc.
• Travel Requirement: 10-30%

 What do we Offer? 

• Insurance Plans
• RSP
• Competitive Bonus
• Mobility Allowance
• Tuition Reimbursement
• Company Holidays
• Employee Resource Groups
• Volunteering time
• Many More…..

Actual pay is determined based on a number of job-related factors including skills, education, training, credentials, qualifications, scope and complexity of role responsibilities, geographic location, performance, and working conditions.