Manager, Real Estate

Pho Prime, LLC; Toronto; On-site; CAD 90,600 - 113,200; Full time

Benefits offered by this job

Insurance Plans (Medical/Dental/Vision

401k

Competitive Bonus

Tuition Reimbursement

Company Holidays

Employee Resource Groups

Volunteering time

Many More…

Job summary

Subway is seeking a Real Estate Manager to strategically grow and optimize its restaurant network. The role focuses on identifying prime locations, evaluating opportunities, and guiding a development pipeline to profitability.

The ideal candidate has 5+ years in corporate CRE, a strong market analysis background, and proven negotiation skills. You will work with franchisees and internal teams to drive successful openings and relocations across Canada.

Qualifications

• Bachelor's degree in Real Estate, Business, Finance, GIS, Urban Planning or related fields strongly preferred.
• 5+ years' experience in corporate commercial real estate and market research in QSR/fast casual or retail industries.
• Proven track record in site selection, market analysis, and/or lease negotiations.
• Strong network with landlords, brokers and developers in assigned territory.
• Understanding of real estate markets, zoning laws and regional nuances.
• Experience with analytics tools/real estate market software.
• Excellent negotiation, interpersonal, and communication skills.
• Ability to travel within assigned territory for site visits and meetings.
• Proficiency with Excel, PowerPoint and Smartsheets.
• Ability to manage site approval presentations and track real estate projects.

Responsibilities

• Identify, qualify and pursue high potential real estate opportunities across assigned region.
• Collaborate with Single/Multi Unit Franchisees to support development targets as a trusted advisor.
• Conduct thorough market research, including demographic and competitive analyses, to support site recommendations.
• Maintain relationships with brokers, landlords, developers, and municipal authorities to secure locations.
• Prepare and present detailed site proposals with financial analysis for corporate approvals.
• Maintain a real estate pipeline and provide progress reports to senior management.
• Calibrate market rents and negotiate favorable lease terms with franchisees.
• Lead negotiation and execution of LOIs aligned with deal parameters and legal requirements.
• Oversee end-to-end development cycle from site selection to restaurant opening.
• Coordinate permitting, build-out, leasing, and openings to keep projects on schedule.

Skills

Negotiation

Interpersonal skills

Communication

Education

Bachelor's Degree in Real Estate/Business/Finance

Tools

Excel

PowerPoint

Smartsheets

Job description

Compensation $90,600.00 - $113,200.00/year

Schedule Full time

Job Type Permanent

Highlights

• Bachelor's Degree in Business Administration, Finance, or related field
• 3-5 years of experience in commercial real estate
• Proven track record in site selection, market analysis, and/or lease negotiations

Description

Ready to build what's next with one of the world's most iconic brands?

Why Join Subway?

At Subway, we are not standing still. We are building. This is a business focused on what matters most: growing franchisee profitability, strengthening our brand and creating long-term value. The people who thrive here are the ones who want to make a real impact. You will not just do the work. You will shape it.

We move fast. We think like owners. We make decisions that matter. We hold ourselves to a high standard because what we do directly impacts thousands of franchisees around the world. If you bring energy, accountability and a bias for action, you will fit right in. We take the work seriously, but we also know the best results come from teams that support each other, celebrate wins and show up ready to build something better every day. This is your chance to be part of what's next.

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 Real Estate Manager 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 Franchising and Real Estate, 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
• Lead negotiation and execution of Letters of intent (LOIs) aligned with Subway’s deal parameters and legal requirements
• End-to-End Development. Support the full development cycle of a site through oversight of key development milestones through to restaurant opening
• Act as a key stakeholder throughout permitting, build-out, leasing, and opening stages to ensure sites sourced and approved proceed on schedule

Qualifications:

• Bachelor's Degree in Real Estate, Business, Finance, GiS, Urban Planning and/or related fields strongly preferred
• 5+ years' experience in corporate commercial real estate and market research analysis in the QSR, Fast Casual industry or retail industries
• 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
• Ability to travel within assigned territory for site visits, landlord meetings, franchisee meetings, etc
• Proficiency with Excel, Powerpoint and SmartSheets
• Ability to manage and oversee site approval presentations, communications and site tracking for real estate in assigned territory
• Ability to build strong working relationships cross-functionally and externally
• Deep understanding of Canadian Markets & Development landscape related to retail & QSR industries

What do we Offer?

• Insurance Plans (Medical/Dental/Vision/Life)
• 401k
• Competitive Bonus
• 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.

The Company is only considering applicants who are currently authorized to work in the country the position is based. AA/EOE/D/V

Subway uses technology-assisted tools to support our recruitment process. These tools strictly help organize and sort applications based on job-related qualifications. All decisions are made by people - our recruiting team and hiring managers. If you have questions or would like to request an alternative review process, please let us know.