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Subway

Manager, Real Estate

Toronto, ON, Canada

Full-time

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Job details

Job type: Full-time
Apply by: Dec 4, 2026
Experience: 5+ years' experience in corporate commercial real estate and market research analysis in the QSR, Fast Casual industry or retail industries
Posting language: English
Posted: Nov 4, 2026

Original 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

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
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

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More about this job

Responsibilities

Identify and secure promising restaurant locations across the assigned region, conducting market and financial analyses and negotiating lease terms and letters of intent. Partner with franchisees and internal teams to manage site approvals and oversee development milestones through permitting, build-out, and restaurant opening.

Requirements

A bachelor's degree in real estate, business, finance, GIS, urban planning, or a related field is strongly preferred, along with at least five years of relevant commercial real estate and market research experience in QSR, fast-casual, or retail industries. Candidates should have a record of success in site selection, market analysis, or lease negotiations; strong regional market knowledge and industry relationships; proficiency with Excel, PowerPoint, and SmartSheets; and willingness to travel within the assigned territory.

Skills

Site Selection
Market Research
Demographic Analysis
Traffic Pattern Analysis
Competitive Analysis
Lease Negotiation
Real Estate Development
Financial Analysis
Franchisee Relationship Management
Broker and Landlord Relations
Pipeline Management
Permitting
Zoning Knowledge
Cross-Functional Collaboration
Excel
PowerPoint

Benefits

Medical Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k)
Competitive Bonus
Mobility Allowance
Tuition Reimbursement
Company Holidays
Employee Resource Groups
Volunteering Time

Visa sponsorship

Not detected in the job text

Keywords

Commercial Real Estate
Restaurant Network Development
Site Selection
Market Research
Demographic Analysis
Traffic Pattern Analysis
Competitive Analysis
QSR
Fast Casual
Retail
Franchise Development
Lease Negotiation
Letters Of Intent
Financial Analysis
Market Rents
Zoning Laws
Permitting
Build-Out
Landlords
Brokers
Developers
Municipal Authorities
Excel
PowerPoint
SmartSheets
Canadian Markets

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