Quote:
Originally Posted by Dale
Question: after Covid - and what with the explosion of residential towers with podiums displacing older stock - how is street level retail these days ?
FYI: I’ve visited Toronto three times, between 1995 and 2010, and street interaction was lively then.
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Retail is reasonably strong in Toronto, excepting portions of the underground mall network under downtown known as 'The Path' which has taken a bit of a hit with remote work.
In general, the condos have some adverse effect, mainly that of tending to lease out to chain retail and larger-format retail, vs small/indy stuff.
This isn't universal and some podiums are better managed than others. But there is an uptick in leasing to pro-forma fast food and large-format drug stores and the like vs more diverse retail.
Still there's lots of diverse, vibrant retail to be found.
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