Toronto - Development - Senior Manager- Real Estate

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 Senior Manager, Real Estate is responsible for leading Subway Canada's national real estate execution strategy to accelerate high-quality restaurant growth, strengthen the development pipeline, and optimize the existing portfolio. The role serves as the organization's senior commercial real estate subject matter expert, building strategic partnerships with landlords, developers, brokers, and franchisees while leading complex site selection, negotiations, and transaction execution across Canada.

Working cross-functionally with Market Planning, Construction & Design, Leasing, Franchise Sales, Legal, and Operations, this role ensures real estate activities remain aligned with Development AOP priorities, supports franchisee success throughout the development lifecycle, and drives disciplined execution from opportunity identification through lease execution.

This is an in-office role based in Etobicoke, Toronto, ON

Responsibilities include but not limited to:

National Real Estate Leadership

• Lead national real estate execution across new restaurant openings, relocations, portfolio optimization, and closure mitigation initiatives.
• Build and maintain strategic relationships with national landlords, developers, brokers, and real estate partners to expand Subway Canada's growth opportunities.
• Strengthen the national site acquisition funnel by identifying premium, off-market, and strategic development opportunities.
• Represent Subway Canada as the senior commercial real estate lead with external partners across the industry.
• Lead high-value commercial negotiations that secure favorable terms, strengthen long-term partnerships, and protect franchisee interests.

Site Selection & Transaction Leadership

• Lead complex site selection strategies in partnership with Market Planning to prioritize high-potential growth markets.
• Negotiate Letters of Intent (LOIs), commercial leases, renewals, and transaction structures that optimize unit economics.
• Provide commercial guidance throughout negotiations while balancing franchisee, landlord, and corporate priorities.
• Drive transactions from opportunity identification through executed agreements while removing barriers that delay delivery.

Pipeline Governance & Development Intelligence

• Own the governance, visibility, and performance of Canada's real estate pipeline across the full development lifecycle.
• Lead recurring cross-functional Development Pipeline meetings, driving accountability, removing roadblocks, and escalating risks to maintain AOP delivery.
• Track, report, and visualize key development metrics, including site funnel performance, site approval progress, transaction velocity, conversion rates, and pipeline health.
• Develop and manage AI-enabled dashboards and executive reporting that identify bottlenecks, forecast delivery risk, and improve decision-making across Real Estate, Construction, Market Planning, and Franchise Sales.
• Translate development data into actionable insights that strengthen pipeline conversion, improve prioritization, and enhance organizational performance.

Franchisee Partnership & Advisory

• Serve as the primary real estate subject matter expert for franchisees navigating site selection, relocations, lease negotiations, and development opportunities.
• Partner with Franchise Sales to position high-quality development opportunities for prospective franchisees.
• Provide strategic guidance that helps franchisees secure premium locations while mitigating commercial, occupancy, and transaction risks

Portfolio Optimization & Risk Mitigation

• Lead the real estate components of relocation projects, including lease terminations, new site negotiations, and transition planning.
• Support…