Retailers renewed confidence in brick-and-mortar fuelling surge in commercial leases


Retailers renewed confidence in brick-and-mortar fuelling surge in commercial leases


TORONTO — When the COVID-19 pandemic struck and many abandoned in-person shopping and dining out, brick-and-mortar retail became one of the most undesirable assets in Canada.

But now, as many Canadians no longer fear congregating and vaccine passports have been dropped, real estate firms say retail and restaurant chains are scrambling to pick up space again.

"There`s been a fairly ugly period brought on by COVID, where there was a lot of uncertainty surrounding where physical retail fits within the consumer landscape, and even before COVID ... because of e-commerce," said Jonathan Gitlin, chief executive of RioCan Real Estate Investment Trust...
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RSK: Our neighbors to the North are on a good brick and mortar track.

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- - Volume: 10 - WEEK: 25 Date: 6/14/2022 10:44:05 AM -