{"id":1992,"date":"2012-10-30T11:47:38","date_gmt":"2012-10-30T15:47:38","guid":{"rendered":"http:\/\/traceyarial.com\/blog\/?p=1992"},"modified":"2013-05-30T12:05:48","modified_gmt":"2013-05-30T16:05:48","slug":"new-players-calgary","status":"publish","type":"post","link":"https:\/\/traceyarial.com\/blog\/en\/new-players-calgary\/","title":{"rendered":"New players increase competition in opportunity-rich Calgary"},"content":{"rendered":"

Luxury, Small Spaces and Mixed-use Trending in Rapidly-Expanding Retail Market
\n<\/span><\/strong><\/p>\n

With some fifteen new retailers looking at entering the Canadian market through Calgary, the competition for good high-traffic locations in populated areas with dependable labour is becoming fierce.<\/p>\n

\"Schmidt<\/a>The demand is strong both from the United\u00a0States and internationally, and what that does is ultimately adds a ripple effect of strong demand propping up rental rates,\u201d says Darryl Schmidt, Vice President for National Leasing with the Cadillac Fairview Corporation Limited.\u00a0 \u201cWhen we get fresh, new to market retailers that customers respond to, it has a positive effect on sales productivity levels in the top tier shopping centres and that buoys up rental structures within the city\u2026If you don’t have a retail platform that is international in scope and scale, you’re going to have a very difficult time competing.\u201d<\/span><\/p><\/blockquote>\n

Established players have to prove that they can continually attract\u00a0discerning consumers faced with more options for their time, while facing bigger constraints from landlords.<\/span><\/p>\n

\"Mroczek\"<\/p>\n

 <\/p>\n

To be competitive in the urban landscape in downtown Calgary, we might have to go a little bit smaller and we might have to get creative and sacrifice on back of house, storage or even seats,\u201d said Lec Mroczek, Manager, Real Estate & Development for Tim Hortons. \u201cWe have landlords out there that are choosing new and sexy concepts new to the marketplace. Tenants take a smaller format space and smaller square footage, but they’re going to pay much higher rent. A lot of landlords, not only institutional landlords but smaller landlords too, are going in that direction.\u00a0 So we rely a lot on our relationships to continue to grow in the market.\u201d<\/span><\/p>\n

 <\/p><\/blockquote>\n

Tim Hortons is also reworking their traditional concept to attract current customers. One new upmarket design features softer seats, a modern exterior and healthy menu choices, like that underway in the Bridlewood Community in South West Calgary.<\/p>\n

That move to smaller or more luxurious offerings is typical of successful moves in the market, says Schmidt.<\/p>\n

\u201cYou’re really seeing the middle market being squeezed out with retail concepts going to one or two extremes.\u00a0 They’re either going to a value proposition and lower price points, in which case they need larger box formats to deliver the number of SKUs in the experience, or you’re getting a swing to a higher price point, almost aspirational luxury in more boutique-y formats.\u201d<\/p>\n

\u00a0This article appeared on p 46 of Canada’s Leading Real Estate Forum, Ottawa, Fall 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"

Luxury, Small Spaces and Mixed-use Trending in Rapidly-Expanding Retail Market With some fifteen new retailers looking at entering the Canadian market through Calgary, the competition for good high-traffic locations in populated areas with dependable labour is becoming fierce. The demand is strong both from the United\u00a0States and internationally, and what that does is ultimately adds […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[30],"tags":[],"class_list":["post-1992","post","type-post","status-publish","format-standard","hentry","category-canada","post-wrapper","thrv_wrapper"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2buQs-w8","jetpack-related-posts":[{"id":1985,"url":"https:\/\/traceyarial.com\/blog\/en\/mixed-use-calgary-developers\/","url_meta":{"origin":1992,"position":0},"title":"Issues Concerning Calgary Developers","author":"Tracey Arial","date":"October 30, 2012","format":false,"excerpt":"Developers of mixed-use projects for downtown Calgary say that projects work well as long as partners share a common vision and retail, commercial and residential uses are kept separate. You have to share the same desire for mixed-use because it is not easy to do,\u201d says Todd Werre, Development Vice\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"HeritageStationCalgary","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/HeritageStationCalgary-150x60.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15684,"url":"https:\/\/traceyarial.com\/blog\/en\/canadas-retail-landscape\/","url_meta":{"origin":1992,"position":1},"title":"Canada\u2019s Retail Landscape Rapidly Evolving","author":"Tracey Arial","date":"May 26, 2014","format":false,"excerpt":"Walmart has shown that the Canadian market can outperform other regions while forcing traditional Canadian retailers to right-size and evolve to keep their market base. Now other international players are moving in too. These forces are radically changing the retail landscape across the country, says large-scale retail specialist Ian F.\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1592,"url":"https:\/\/traceyarial.com\/blog\/en\/mark_renzoni\/","url_meta":{"origin":1992,"position":2},"title":"Steady as she goes","author":"Tracey Arial","date":"May 7, 2013","format":false,"excerpt":"Stable markets, continued low interest rates and strong capital markets will offset possible slow-downs in residential construction and jobs in the coming year for a cautiously optimistic overlook overall. \u201cThere\u2019s going to be a steady real estate market for all of Canada, especially for the major markets of Vancouver, Calgary\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"COO of CBRE","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Renzoni.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":15675,"url":"https:\/\/traceyarial.com\/blog\/en\/commercial_real-estate\/","url_meta":{"origin":1992,"position":3},"title":"Canadian Commerical Real Estate Mostly Healthy","author":"Tracey Arial","date":"May 12, 2014","format":false,"excerpt":"Other than potential saturations in the office markets in Toronto, Edmonton and perhaps Montreal, the fundamentals for commercial real estate in Canada are strong. So says Michael Dal Bello, an investment partner at Pritzker Group Private Capital. The fundamentals are very good in Edmonton, in terms of industrial, retail, and\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15670,"url":"https:\/\/traceyarial.com\/blog\/en\/edmonton_retailers\/","url_meta":{"origin":1992,"position":4},"title":"Edmonton Retailers Thrive, Despite Challenges","author":"Tracey Arial","date":"May 17, 2014","format":false,"excerpt":"If they can even find a location to rent, retailers in Edmonton can expect to pay high rents driven by constriction costs that are typically 40% higher than other markets. Despite these challenges, the market is well-worth entering, says Brett Killips, an associate partner with Cushman & Wakefield. Those who\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Killips, Brett(1)","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/Killips-Brett1.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1999,"url":"https:\/\/traceyarial.com\/blog\/en\/legends-calgary-real-estate\/","url_meta":{"origin":1992,"position":5},"title":"Legendary Success in Real Estate Investment","author":"Tracey Arial","date":"October 30, 2012","format":false,"excerpt":"Real Estate Experience Helps When Negotiating Trends, Risks and Opportunities in Calgary What does it take to build success over time in the Calgary market? Great real estate investment is all driven by risk assessment,\u201d says Jon Love, a managing partner with KingSett Capital and former head of Oxford Properties\u2026","rel":"","context":"In "Canada"","block_context":{"text":"Canada","link":"https:\/\/traceyarial.com\/blog\/en\/category\/canada\/"},"img":{"alt_text":"Love headshot","src":"https:\/\/i0.wp.com\/traceyarial.com\/blog\/wp-content\/uploads\/jonlove.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/comments?post=1992"}],"version-history":[{"count":4,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1992\/revisions"}],"predecessor-version":[{"id":1998,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/posts\/1992\/revisions\/1998"}],"wp:attachment":[{"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/media?parent=1992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/categories?post=1992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/traceyarial.com\/blog\/wp-json\/wp\/v2\/tags?post=1992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}