A new First Capital REIT program is helping new Canadian retailers set up shop in small spaces.
Starter Space enables startup retailers to open bricks-and-mortar locations after achieving e-commerce success.
First Capital offers the spaces in its shopping-centre portfolio, which holds properties in 150 neighbourhoods across the country. Availabilities include kiosks, booths and units ranging from 400 to more than 2,000 square feet.
The spaces are available in major markets such as Vancouver, Calgary, Edmonton, the Greater Toronto Area and Greater Montreal. First Capital also offers the program in such small Ontario cities as Kitchener and London.
Retailers that have opened their first bricks-and-mortar outlets include Donut Party, which leased two Edmonton locations spanning 1,505 square feet and 835 sf, respectively and Burger Drops in Toronto’s Liberty Village (976 sf).
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.