OK, today was my "extensive walking through downtown Calgary" day. I spent hours walking around and am exhausted. Here's my observations...
3. The downtown mall (and to a lesser extent, the skywalks). This might be a bit of an unusual thing to marvel at, but coming from the US nowadays ...
it is. I spent a considerable amount of time walking through "The CORE" downtown mall. For those unfamiliar, it's this thing
here. The reason why it's a thing to marvel at is because ...
it was nearly fully leased and occupied! It was the middle of the day on a weekday, and it was filled with people shopping (I myself went to Simons and bought a $90 jacket). There were only a few vacant storefronts. It was generally thriving. If it was anywhere in the US possibly excepting midtown Manhattan, Chicago's Magnificent Mile, and maybe some hoity-toity smaller downtowns in southern California and Florida, it would be half empty, struggling, and what stores were there would be constantly fending off shoplifters. I truly felt like I was in an upscale US mall circa 1992 or thereabouts. There weren't even any B-grade stores as far as I could tell, it was all A-grade stuff.
If any of our Seattle forumers read this, you really need to take a visit to Calgary sometime, if you haven't already. Seattleites have been complaining in recent years about the declines of Westlake Center and Pacific Place. This mall in Calgary is what those two
should be ... and
used to be, in the early 90's or so. In fact, the whole retail vibe I got downtown reminded me a lot of Seattle in that era ... which is a good thing.
Even the skywalk's stores were, for the most part, decently occupied (that is, in places where there were stores, much of it was just hallways between buildings). Not everywhere, of course, but where it counted, it was doing pretty well. There were upscale women's and men's fashion stores in at least one part of the skyway (near the mall), which you would never ever ever ever see anymore in a skywalk or similar structure in the US. The (small) underground tunnel system in Seattle, which was still doing OK in the early 90's, started dying soon after that and, I believe, is now gone. If it were in Canada it would still be doing just fine.
In fact, all this dovetails on a couple of malls I visited when I was in Winnipeg. When I was in Winnipeg I wandered into the Polo Park mall and the outlet mall near the western end of the city. If the outlet mall was in Kansas City, it would have been closed from lack of business and torn down long ago (in fact, there was an outlet mall in Johnson County which met exactly that fate several years ago). And a mall like Polo Park would have a lot of B-grade stores, which Polo Park mostly did not.
Even the strip malls I've managed to wander into didn't seem to have too many vacancies. Some, but not that many.
I'm convinced the retail vacancy rate in Canada must be about 1/3 that of the US's. I know Canada has its share of dead malls, but at least from what I've seen in Winnipeg and Calgary, its problems in that regard aren't nearly as bad as the US's.
This is probably a entire separate subject here in SSP's City Discussions section ... and if it already isn't, there should be economics PhD theses written on this topic. There's a huge glaring different between the health of (physical) retail in Canada vs the US, and the Big Question is ... why?
... more ...