Canada and Shopping Center Leases
Posted: June 11th, 2019, 8:14 pm
I notice around Vancouver a very common theme in shopping centers that are grocery anchored. I keep finding other "grocery" type stores in the same shopping center. By that I mean there are produce markets, bakeries, meat/butcher shops, etc. all other small chain businesses and all in these shopping centers with grocery stores.
All of these shopping centers also had multiple fast food type places, a drug store, a liquor store, and a Dollar Tree or Dollarama.
I do not remember so many of these non grocery stores in the shopping centers in the past, but maybe I just didn't notice.
Specifically I kept running into "Kin's Fresh Produce" and "Cobs Bread." Both of these do what they do far better than any grocery store does with produce and bread/sweet bread, and had a lot of traffic. Excellent quality at these places.
So I am wondering if there has been a recent surge in this type of competition that has eaten away at the conventional grocery stores up there. It is also odd as in the US there are typically lease situations that would protect the interests of the grocery store anchor tenant and prohibit these types of competing businesses from opening in the shopping center that sell fresh perishable food...
All of these shopping centers also had multiple fast food type places, a drug store, a liquor store, and a Dollar Tree or Dollarama.
I do not remember so many of these non grocery stores in the shopping centers in the past, but maybe I just didn't notice.
Specifically I kept running into "Kin's Fresh Produce" and "Cobs Bread." Both of these do what they do far better than any grocery store does with produce and bread/sweet bread, and had a lot of traffic. Excellent quality at these places.
So I am wondering if there has been a recent surge in this type of competition that has eaten away at the conventional grocery stores up there. It is also odd as in the US there are typically lease situations that would protect the interests of the grocery store anchor tenant and prohibit these types of competing businesses from opening in the shopping center that sell fresh perishable food...