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Retail Space means the area where a retailer's business is principally conducted.
The average retail rents in prime areas of Toronto range from approximately $40 to $150 CAD per square foot per year. To read: our Toronto MarketBeat report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Retail space is for businesses who rely on a lot of foot traffic. They are typically near another, perhaps larger business that is referred to as an ?anchor business,? like a grocery store or department store. They're placed this way in order to draw customers from the ?anchor business? over to the smaller business.
A retail space is a physical location where retailers sell products and services to customers.
Key Takeaway differences: A retail lease is used where there is a sale of goods or services, often in a shopping centre (cluster of 5 or more stores). A commercial lease is used for warehouse, industrial or office space premises.