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Originally Posted by fusili
No necessarily lower rents, it could be that volumes are just that much higher. Restaurants can succeed in high rent environments, they definitely cannot succeed in low volume environments. Overhead and waste (food goes bad if you don't sell it right away) are just too high.
Agreed that we need more retail space, but more importantly, we need more flexibility in terms of how we allow spaces to be used. So many spaces in this city can only be used for a few select uses, which restricts the ability of owners to attract tenants.
As for "With the Times" no offence, but running a newsstand is a difficult business in the age of the internet. Regular bookstores are having a tough time making a go, let alone a place that only sells magazines, etc. Interested to see what goes in.
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I agree, high streets with very high pedestrian volume clearly do well all over the world. Low rent is not the be all and end all of successful businesses, but it's important when pedestrian volume/flows are low. Calgary still struggles to generate the pedestrian flows that you see in so many other cities, probably the only consistent exception here is Stephen Avenue around noon on reasonably nice days. I've seen towns of 20,000 with better pedestrian flows and more vibrant street life in Calgary so to me it's more a design issue than anything else.
I agree too that we need more flexibility. I like it how Orange Lofts in EV now has more retail/mixed use at its base because it was designed with that flexibility in mind. I would like to see most if not all residential buildings in the core do that.
It's possible that 'With the Times' may not have been with the times (bad joke), but I still see these stores existing in other places with more pedestrian volumes. I guess the frustration is I see lack of retail (space flexibility) as being part of what negatively affects business diversity, leads to higher costs, which affects vibrancy etc... I know economically speaking Calgary has fewer issues than most places, but this is not good for the economy either.