Tiny coffeeshops help owners save on rent in high-cost Toronto, Vancouver - News Summed Up

Tiny coffeeshops help owners save on rent in high-cost Toronto, Vancouver


VANCOUVER - Customers who don’t work in the building that houses Kento Kitayama’s tiny cafe near Vancouver’s Gastown neighbourhood better be prepared to settle for takeout. For a typical 85-square-metre cafe space in the city, Kitayama said he’d likely pay about $3,000 monthly. Robust data on average food retail lease prices in Canada doesn’t exist, but some figures help shape a sense of the market. Three of the four most expensive main streets in Canada are in Toronto and Vancouver, according to an annual report from Cushman & Wakefield. The roughly 15-square-metre cafe opened July 2017, in part to help offset rent for the pizzeria, said Holton.


Source: thestar January 11, 2019 17:48 UTC



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