THE GLOBE AND MAIL: Compared to Paris, New York, even Athens, Canada’s best retail spaces come cheap
Rents for prime retail space in Canada’s swankiest fashion districts may seem high by Canadian standards, but the most expensive storefronts in the country are still being rented at bargain-basement prices compared to other global centres.
Montreal’s Saint Catherine Street and Toronto’s Bloor Street districts were the priciest in the country, with average lease rates at $294.12 (U.S.) a square foot. The cost of space placed the cities in a tie for 32nd place in the world, sandwiched between Honolulu and Amsterdam.
Globally, space along the Champs Élysées in Paris was the most expensive at $1,255.90 a square foot. New York’s Fifth Avenue, Hong Kong’s Russell Street and London’s Bond Street all saw rents higher than $1,100 a square foot. >>> Steve Ladurantaye | Monday, June 07, 2010
