Jul 11, 2012
By Jane Brown
It’s known as The Mink Mile – Toronto’s upscale Bloor St. strip between Bay Street and Avenue Road. And for good reason. It’s the priciest retail space in Canada at $310 per square foot on average.
But it’s still a bargain compared to similar destinations abroad, according to Colliers International 2012 Global Retail Report.
Retail space on New York’s 5th Avenue rents out for $2600 per square foot and Hong Kong’s Canton Road and Queen’s Road Central goes for more than $1800.
Vancouver’s Robson Street at $150 a square foot ranked second nationally.