04-09-2015, 01:51 PM
(04-09-2015, 01:40 PM)panamaniac Wrote: Artisan Zone in the old Kabel's building on King St W has closed due to a "failure of lease renegotiations". They are apparently planning to relocate, although I don't know where.
Fine Feathers (womens clothing and accessories) on Ontario St N. has also recently closed.
I remain concerned that the rent ambitions of Downtown landlords and property developers are making it difficult for retail to have much of a chance in the core.
I said it before and I will say it again. Do not sign a lease for your startup business that does not include automatic renewal provisions at pre-established prices. Big chains demand 20 years at CPI or thereabouts with an option for another 5-20 at slightly better terms to the landlord.