Canada’s tight retail real estate market is shifting negotiating power toward landlords as limited construction and high occupancy constrain available space. JLL, Primaris, RioCan, McDonald’s and Empire executives discuss the implications, including the temporary opportunity created by former Hudson’s Bay locations.
Hudson’s Bay faces a critical court battle as RioCan seeks to overturn rent suspensions, demanding HBC resume payments on 12 key retail properties in Canada.
The flashy multi-tenant food market features a range of unique food and beverage vendors, and will add foot traffic and animation to the newly opened mixed-use centre.
The highly anticipated project features a mix of retailers, foodservice and other businesses, and anticipates drawing tens of thousands of visitors daily.
The unique pop-up retail endeavour is seeing several downtown retailers locating in a suburban shopping centre to create awareness for the city’s inner core.
The project, which is a first of its kind in Canada, will transform a section of central Toronto while providing retail options currently unavailable nearby.