Calgary retailers making the most of high vacancy rate
Calgary commercial experts say local retailers are becoming increasingly savvy in their fight for market share, challenging the traditional brick-and-mortar concept of doing business in favour of a pop-up model.
‘‘I do think the trend is becoming more popular because of online shopping,” said Barclay Street Real Estate retail associate Amy McGregor, who is working with Calgary Economic Development to research pop-up shops and facilitate a process for new business owners by connecting with landlords.
“Online retailers kind of want to dip their toe in the retail market and it’s a low investment way to do that. There’s more opportunity and more likelihood that landlords will give them the opportunity for the shorter-term leases.”