02-13-2023, 03:01 PM
(02-13-2023, 01:11 PM)ac3r Wrote: Considering the commercial property vacancy rate in downtown Kitchener is a whopping 36% (!!!) I can't see those spaces filling up for quite a while. Or if they do, it'll be something very uninteresting (as in some boring, major company that can afford the risk).
I think that rate includes office space, or it's including a lot of lower tier spaces on side streets. The storefront vacancy rate on King St is a lot less than 36%. The fact that we're seeing owners renovate their commercial spaces (and promptly lease them out) suggests it should be do-able to get this leased. It should be in a similar tier to the recently leased commercial spaces at 345 King St W, or 276 King St W.
(02-13-2023, 01:11 PM)ac3r Wrote: One of the units does have a model train set in it. Does anyone know what that's about? I thought it was pretty neat when I saw it, though it wasn't very well done haha.
I believe it was a BIA initiative to get downtown windows decorated for Christmas.