Senior Leasing Representative

Subway; Toronto; On-site; CAD 90,000 - 140,000; Full time

Benefits offered by this job

Insurance Plans

401k

Competitive Bonus

Mobility Allowance

Tuition Reimbursement

Company Holidays

Employee Resource Groups

Volunteering time

Job summary

Subway is seeking a Lease Portfolio Manager to oversee a defined portfolio of restaurant leases across the Canada region. The role interfaces with franchisees, landlords, and brokers to drive value through proactive lease management, rent optimization, risk mitigation, and strategic real estate support.

You will lead renewals, negotiations, and complex financial structures while maintaining strong relationships with landlords and cross-functional teams to align lease strategies with franchise

Qualifications

• Bachelor's degree in a related field.
• 5–8 years of commercial leasing, real estate, or asset management experience.
• Strong lease negotiation expertise with complex financial structures.
• Experience with market analysis and fair market rents.
• Proven ability to manage high-volume portfolios with competing priorities.
• Experience with franchise models and supporting independent operators is preferred.
• Bi-Lingual (English/French) is a plus.

Responsibilities

• Oversee a portfolio of restaurant leases, ensuring critical dates and obligations are managed.
• Lead lease renewals, extensions, and renegotiations to optimize terms.
• Identify and mitigate lease-related risks including restrictive clauses and redevelopment exposure.
• Maintain accurate lease records and date tracking in internal systems.
• Lead rent negotiations and CAM/TMI structures; manage early exits and subleases.
• Develop rent comparables and leverage market data to inform strategies.
• Build strong relationships with landlords, REITs, developers, and brokers.
• Advise franchisees on lease obligations, risks, and opportunities.
• Support relocations, closures, and restructures; align strategies with market conditions.
• Collaborate with Real Estate and Development to input on site selection and LOI negotiations.
• Support property-related issue resolution and CAM reconciliations.
• Represent the brand at industry events and monitor market trends.

Skills

Lease negotiation

Market analysis

Portfolio management

Financial acumen

Vendor relationships

Communication

bilingual English/French

Education

Bachelor's Degree

Tools

Lease management systems

Financial analysis tools

Job 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

This role is responsible for the full lifecycle management of a defined portfolio of restaurant leases across an assigned region or province. This role acts as the primary interface between the brand, franchisees, landlords, and brokers—driving value through proactive lease management, rent optimization, risk mitigation, and strategic real estate support.

Responsibilities Include But Are Not Limited To

Lease Portfolio Management

• Oversee a portfolio of restaurant leases, ensuring all critical dates, options, and obligations are proactively managed.
• Lead lease renewals, extensions, and renegotiations, optimizing terms to improve occupancy costs and flexibility.
• Identify and mitigate lease-related risks, including restrictive clauses, co-tenancy risks, exclusivity conflicts, and redevelopment exposure.
• Maintain accurate lease records and critical date tracking within internal systems.

Negotiation & Financial Optimization

• Lead rent negotiations, including base rent, percentage rent, CAM/TMI structures, and landlord contributions.
• Execute lease liability negotiations, including early exits, assignments, subleases, and termination agreements.
• Develop and leverage rent comparables, market data, and portfolio insights to inform negotiation strategies.
• Partner with Finance and Development to evaluate occupancy cost ratios and portfolio performance.

Landlord & Broker Relationship Management

• Build and maintain strong, strategic relationships with key landlords, REITs, developers, and brokerage partners.
• Represent the brand in negotiations to secure favorable terms and long‑term partnerships.
• Act as the escalation point for landlord‑related issues, including disputes, enforcement, and property concerns.

Franchisee Support & Advisory

• Act as a trusted advisor to franchisees on lease matters, providing guidance on obligations, risks, and opportunities.
• Support franchisees through renewals, relocations, and restructuring discussions.
• Partner with cross‑functional teams to align lease strategies with franchisee performance and market conditions.

Closures, Relocations & Risk Mitigation

• Support closure mitigation strategies by negotiating lease exits, restructures, or temporary relief.
• Lead real estate aspects of relocations, including lease terminations and new site negotiations.
• Collaborate with Development and Operations to proactively identify at‑risk locations and develop action plans.

Real Estate & Development Support

• Partner with the Real Estate team on site selection, providing input on lease structures, landlord profiles, and market conditions.
• Support LOI negotiations, ensuring alignment with brand standards and long‑term flexibility.
• Provide insights on trade areas, landlord quality, and deal viability.

Property Management & Issue Resolution

• Support resolution of property‑related issues, including maintenance disputes, CAM reconciliations, and landlord compliance.
• Review and challenge landlord charges where applicable to ensure accuracy and fairness.

Industry Engagement & Market Intelligence

• Represent the brand at industry events such as ICSC and other real estate forums.
• Maintain strong awareness of market trends, landlord strategies, and leasing dynamics across regions.
• Continuously benchmark portfolio performance against market conditions.

Qualifications

• Bachelor's Degree required.
• 5–8 years of commercial leasing, real estate, or asset management experience, preferably within QSR, retail, or franchised environments.
• Strong expertise in lease negotiation, including complex financial structures and legal clauses.
• Experience in market analysis and determining fair market rents
• Demonstrated ability to manage high-volume portfolios with competing priorities.
• Proven track record of delivering measurable value through rent reductions, lease restructures, or risk mitigation.
• Strong understanding of Canadian commercial leasing practices, including regional nuances.
• Experience working with franchise models and supporting independent operators is highly preferred.
• Proficiency in lease management systems and financial analysis tools.
• Bi-Lingual (English/French) capability an added asset
• Real Estate Designations an added asset
• Highly organized and self‑motivated with the ability to manage workload independently and prioritize effectively.
• Strong communication and interpersonal skills with the ability to work cross‑functionally and engage franchisees professionally.
• Ability to adapt quickly and manage shifting priorities in a fast‑paced development environment.

What do we Offer?

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

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.

Job Details

• Pay Type: Salary
• Employment Indicator: Regular