Posted Dec 23, 2024, 4:53 AM
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Registered User
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Join Date: Dec 2017
Posts: 14
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Retail gentrification is mostly to blame for the large influx of dental offices, banks, and physio offices into new CRUs in Burquitlam. The asking rent for many of these new CRUs is much higher than what a lot of existing businesses in, let's say, Burquitlam Plaza could afford with their current business strategy. I know one business owner in Burquitlam Plaza has been paying $2800 a month, and when he inquired about the rent of a new CRU in the area, it was more than 3X what he was currently paying (Plaza Barbers, if you are interested).
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