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Small businesses move to lock in rental deals amid low vacancy rates


Last month, the second location of Ya Bikes opened in Toronto’s Roncesvalles neighbourhood, with Imani saying he was pleased to lock in a long term deal at a very favourable rate.
Imani and his co-owner knew that now was the time to jump on a space before prices rebounded.
We both had that in our head, said Imani. That the time might be now from a lessee perspective because there’s so many options on the market.
Commercial real estate agents and members of BIA’s around Canada say the current climate is a prime opportunity for a business to get a new location at a favourable rate if they’ve managed to stay afloat despite the pandemic. ....

British Columbia , Andrew Baker , Sohel Imani , Adrian Urlacher , Lennard Commercial Realty , Lennard Realty , West End , Beltline Business Improvement Area , Canadian Press , Business Finance , பிரிட்டிஷ் கொலம்பியா , ஆண்ட்ரூ ரொட்டி சுடுபவர் , லெநர்ட் வணிகரீதியானது ரியல்டீ , மேற்கு முடிவு , பெல்ட்லைன் வணிக முன்னேற்றம் பரப்பளவு , கனடியன் ப்ரெஸ் ,

Small businesses move to lock in rental deals


Winnipeg Free Press
By: Salmaan Farooqui, The Canadian Press
Posted:
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When Sohel Imani went looking for a second location for his bike shop in Toronto’s West End, he knew he’d be able to leverage the city’s current commercial rental market.
When Sohel Imani went looking for a second location for his bike shop in Toronto’s West End, he knew he’d be able to leverage the city’s current commercial rental market.
With dozens of storefronts sitting empty in any given Toronto neighbourhood, Imani says he knew he could throw out lowball offers for rentals spaces because there were any number of other lots for lease that he could go to if an owner flat-out refused. ....

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Small businesses move to lock in rental deals amid low vacancy rates | iNFOnews


Salmaan Farooqui
Andrew Baker, a broker of record with Lennard Commercial Realty, poses for a photo in Toronto in a handout. Baker says small businesses in cities with a renter s market should look at the current situation as an opportunity. THE CANADIAN PRESS/HO
April 16, 2021 - 9:58 AM
When Sohel Imani went looking for a second location for his bike shop in Toronto’s West End, he knew he’d be able to leverage the city’s current commercial rental market.
With dozens of storefronts sitting empty in any given Toronto neighbourhood, Imani says he knew he could throw out lowball offers for rentals spaces because there were any number of other lots for lease that he could go to if an owner flat-out refused. ....

British Columbia , Andrew Baker , Sohel Imani , Adrian Urlacher , Salmaan Farooqui , Lennard Commercial Realty , Lennard Realty , West End , Beltline Business Improvement Area , Canadian Press , பிரிட்டிஷ் கொலம்பியா , ஆண்ட்ரூ ரொட்டி சுடுபவர் , லெநர்ட் வணிகரீதியானது ரியல்டீ , மேற்கு முடிவு , பெல்ட்லைன் வணிக முன்னேற்றம் பரப்பளவு , கனடியன் ப்ரெஸ் ,