As Sport Chek opens its flagship store in the old Chapters on Robson Street, The Robson Street Business Association says its optimistic new life is being breathed into a retail market beleaguered by empty storefronts.
Executive Director Teri Smith says there are still around ten vacancies between Burrard and Jervis, but things are looking up.
“This past spring we’ve had a number of significant store openings including the Ladurée which is the first in Canada and its generated quite alot of attention and up to three hour line ups.
Mexx has now been leased to Nike and is under construction so there are a lot of positive things happening. We certainly have afew more spaces to fill.”
Smith says rents have dropped in some areas but are still around $125 to $150 a square foot.
She adds soaring assessment values and high property taxes feed the problem.