Associate, Commercial Asset Management

Fitzrovia; Toronto; On-site; CAD 60,000 - 80,000; Full time

Benefits offered by this job

Paid vacation and personal days

Comprehensive benefits

Wellness and mental health resources

Professional development allowance

Job summary

Fitzrovia in Toronto is seeking an Associate, Commercial Asset Management to support the leasing and operational performance of their commercial portfolio. This role includes working closely with Asset Management and Property Management teams on leasing strategies, tenant relationships, and financial oversight.

The ideal candidate will have 3-5 years of experience in commercial real estate, and strong financial skills. Fitzrovia values an entrepreneurial spirit, providing exposure to various facets of real estate investment and development.

Qualifications

• 3-5 years experience in commercial real estate asset management or related field.
• Foundational understanding of commercial leasing processes.
• Strong financial and analytical skills.

Responsibilities

• Support day-to-day asset management of commercial portfolio.
• Assist in development and execution of asset-level business plans.
• Monitor arrears and tenant collections; identify risks and opportunities.

Skills

Financial analysis

Communication skills

Project management

Analytical skills

Education

Undergraduate degree in Real Estate, Business, Finance or related discipline

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

Fitzrovia is seeking an Associate, Commercial Asset Management to join our growing team. The successful candidate will play a key role in supporting the leasing, financial and operational performance of Fitzrovia’s expanding commercial portfolio, including retail and office assets across Toronto, Montreal, and future mixed-use developments.

The Associate will work closely with the Asset Management and Property Management teams on commercial leasing initiatives, tenant relationships, property-level analysis, budgeting, and operational oversight, while contributing to broader portfolio strategy and cross-functional projects. This role will also provide exposure to acquisitions, development, and residential asset management initiatives across the organization.

At Fitzrovia, we pride ourselves on being an entrepreneurial and innovative organization, which makes this role well suited for a candidate looking to roll up their sleeves, wear multiple hats and contribute to all aspects of real estate investment and development.

As we are a highly collaborative team, the successful candidate will be required to work in-office full-time.

This position has been created to support anticipated growth. Our total rewards program recognizes performance, supports well-being, and encourages growth by offering paid vacation and personal days, comprehensive benefits, wellness and mental health resources, and a generous professional development allowance.

Fitzrovia uses AI-enabled tools to assist in screening and assessing applications. Final hiring decisions are made by Fitzrovia’s hiring team.

Responsibilities

Commercial Asset Management & Leasing Oversight

• Support the day-to-day asset management of Fitzrovia’s growing commercial portfolio, including retail and office assets across Toronto, Montreal, and future development projects.
• Assist in the development and execution of asset-level business plans and leasing strategies to maximize asset value and long-term performance.
• Coordinate and manage relationships with external leasing brokers and support leasing initiatives across the portfolio.
• Participate in lease negotiations, including Letters of Intent (LOIs), new leases, renewals, amendments, and related documentation.
• Conduct market research, rental analysis, and competitive benchmarking to support leasing decisions and pricing strategy.
• Support outreach efforts to prospective retail and office tenants/operators to drive leasing activity and tenant mix strategy.
• Conduct property tours with prospective tenants and brokers as required.

Financial Analysis, Reporting & Operations

• Assist with annual budgeting, forecasting, CAM reconciliations, and monthly financial reporting processes for commercial assets.
• Monitor arrears, tenant collections, and operating performance metrics, identifying risks and opportunities for improvement.
• Work closely with accounting teams on CAM build-ups, reconciliations, and operating expense reviews.
• Support underwriting and financial analysis related to retail and commercial components of new developments and acquisitions.
• Prepare reporting materials, presentations, and analysis for internal stakeholders and senior leadership.

Capital Projects & Cross-Functional Coordination

• Liaise with construction, development, and capital projects teams to coordinate landlord work (LLW), tenant improvements, and commercial capital initiatives.
• Assist in tracking project budgets, schedules, and delivery timelines to ensure work is completed on time and within budget.
• Collaborate with internal property management, investments, and development teams to support operational and strategic initiatives across the portfolio.
• Support due diligence and analysis for future commercial acquisitions, mixed-use developments, and strategic partnerships.
• Contribute to process improvements, operational efficiencies, and best practices within the commercial asset management function.
• Stay informed on market trends, tenant demand, leasing activity, and emerging opportunities within the commercial real estate sector.

Qualifications and Experiences

• Undergraduate degree in Real Estate, Business, Finance, Economics, Urban Land Economics, or a related discipline.
• 3-5 years experience in commercial real estate asset management, leasing, property management, investments, or a related field.
• Exposure to retail and/or office assets is preferred; mixed‑use development experience is considered an asset.
• Foundational understanding of commercial leasing processes, including LOIs, lease negotiations, renewals, and tenant coordination.
• Strong financial and analytical skills with proficiency in Microsoft Excel and PowerPoint, including budgeting, cash flow analysis, and financial modeling.
• Familiarity with commercial operating budgets, CAM reconciliations, and property-level reporting is considered an asset.
• Excellent written and verbal communication skills with the ability to interact professionally with tenants, brokers, consultants, and internal stakeholders.
• Strong organizational and project management skills with the ability to manage multiple priorities in a fast-paced environment.
• Entrepreneurial, proactive, and solutions-oriented mindset with a willingness to take initiative and work collaboratively across teams.
• Interest in gaining exposure to both commercial and residential asset management within an integrated real estate platform.

Why Fitzrovia

Fitzrovia is a vertically integrated development and asset manager focused on Class‑A and vintage-style apartment buildings across the Greater Toronto Area (GTA), Montreal and Vancouver. Fitzrovia provides best‑in‑class development, construction, property and asset management with a focus on design, active lifestyle management and exceptional customer service.

Fitzrovia partners with public institutions, pension funds and high net worth investors who have a bias towards long‑term cash flow generating assets. The company is the largest developer of purpose‑built rental apartments in Canada with over $11 billion of assets under management.

At Fitzrovia, we focus on our people and our culture, and offer a competitive salary, benefits, and career development opportunities. Fitzrovia’s commitment to hospitality is at the core of our DNA. To learn more about Fitzrovia, our people and our properties, visit www.fitzrovia.ca.

Fitzrovia is an equal opportunity employer and is committed to creating an inclusive environment for all our employees. If you require reasonable accommodation during the recruitment process, please reach us at [e-mail].