City Series: The Well Won’t Run Dry on Canada’s Retail Corridors0 Comment
Whoever said brick-and-mortar shopping is a dying breed hasn’t visited Canada. Toronto and Vancouver’s prime urban retail corridors are a shopper’s paradise. From independent boutiques to upscale luxury retailers, both cities have something for every budget.
- Vancouver’s South Granville attracts international retailers, tech titans and independent home-goods boutiques while Robson Street sees transformation from bleak to chic with international and luxury retailers.
- Toronto’s Bloor Street provides prime brand exposure within the nation’s most expensive retail corridor and Queen Street West may see higher rents and more restrictions due to its growing popularity.
It doesn’t matter if you’re a local or tourist, allow some extra time if you plan on shopping in either Vancouver or Toronto. Investors and retailers are keeping their eyes on Vancouver on the international retail stage. And workers and residents are flocking to Toronto creating a demand for more retailers and restaurants. No matter which city you choose you’ll find everything you need (and everything you didn’t need).
Don’t forget to download our Canada City Retail report to learn about its retail corridors and view its average asking prime retail rents, annual rent growth rates and average cap rate ranges.