If I didn't know any better I would swear that there is a new chain of stores called "For Lease" here in Toronto and they are taking over the city like gangbusters because as I travel around the city I keep seeing that sign more and more in storefront windows.
I wonder what the occupancy rate is for retail stores in this city these days because it used to be pretty high a few years back with new outfits just waiting to swoop in and take coveted real estate anywhere downtown. Not so now. Empty storefronts growing daily. Not just the usual fly by night operators in the usual locales getting burnt or burning bridges by not paying rent. Places that have been around for years and were seemingly stable outfits going down, out of business too.
Such is life in the recession I guess.
This photo is from Barbados, St Lawrence Gap to be exact courtesy the PlanetBarbados Blog but it could just as easily be applied to Toronto and probably just about most places these days.
If it isn't "For Lease" then Sale seems to be the byword of the day. Its a virtual utopia for bargain hunters (assuming anybody got two shillings to spare).
Every storefront that doesn't have in a For Lease sign has in a sale sign. I mean none of them aint as blatant as that sign in the picture but we get the idea. Business does suck, please buy or we'll go out of business too.
That's just the 2009 reality. A so it a go!