Toronto PATH Retail

[Jonny5]

Toronto's PATH network faces bleak future with bankers MIA - BNN Bloomberg

To get an idea of the long recovery ahead for Toronto’s financial district, take a walk through the vast subterranean pathways that connect the city’s skyscrapers.

www.bnnbloomberg.ca

Ani, the Subway franchise owner, says he’s not going to wait forever for Bay Street’s denizens to reappear. “I’ll give the keys away,” he says. “I’m not going to pay $15,000 every month when there’s no business.”

I wonder which section of the PATH his franchise is located? I wouldn't be surprised if some of the shops in the busiest sections have even higher rent for a similar small space. I'm assuming this is a Subway with no interior seating, I don't think there's any left in the PATH that have their own seating inside the unit anymore since the one at King and York went under last year.

 

[AlbertC]

With majority of large companies and organizations already planning to keep WFH initiatives going until at least September, this is the unfortunate reality for retail in the PATH system. I don't see a rebound until 2021 at earliest, or around when a Covid vaccine is developed, along with confidence of staff returning to office in volumes that can sustain retail. By that time, I can imagine that a large portion of units will be vacant and have to gradually start new again.

 

[AlbertC]

Prairie Girl Bakery have closed their location at the FCP section of the PATH system, which had been open since 2011. The bakery's president provides some commentary of their experience during the pandemic:

This is what it was like running a business in Toronto's deserted PATH for the last 4 months

Holding on to your business during a pandemic is no easy task. We've witnessed tons of businesses say goodbye to some or all of their locations. Pr...

www.blogto.com

 

[Richard White]

Prairie Girl Bakery have closed their location at the FCP section of the PATH system, which had been open since 2011. The bakery's president provides some commentary of their experience during the pandemic:

This is what it was like running a business in Toronto's deserted PATH for the last 4 months

Holding on to your business during a pandemic is no easy task. We've witnessed tons of businesses say goodbye to some or all of their locations. Pr...

www.blogto.com

Not surprising and I expect more closures to come. I'm surprised alot of those businesses have survived.

 

[AlbertC]

Not surprising and I expect more closures to come. I'm surprised alot of those businesses have survived.

I'd imagine that non-food service businesses like clothing and shoe stores, hair salons, flower shops, and massage therapy type places are especially at risk.

 

[mgl]

Toronto's PATH network faces bleak future with bankers MIA - BNN Bloomberg

To get an idea of the long recovery ahead for Toronto’s financial district, take a walk through the vast subterranean pathways that connect the city’s skyscrapers.

www.bnnbloomberg.ca

I wonder which section of the PATH his franchise is located? I wouldn't be surprised if some of the shops in the busiest sections have even higher rent for a similar small space. I'm assuming this is a Subway with no interior seating, I don't think there's any left in the PATH that have their own seating inside the unit anymore since the one at King and York went under last year.

The article refers to it as being in Brookfield Place.

 

[Johnny Au]

I'd imagine that non-food service businesses like clothing and shoe stores, hair salons, flower shops, and massage therapy type places are especially at risk.

Don't forget manicure, pedicure, and spa services.

 

[Richard White]

Don't forget manicure, pedicure, and spa services.

I have a friend who owns a nail salon in Commerce Court. She's just reopened but business is still down.

Even with a rent reduction I am worried about her ability to survive

 

[Johnny Au]

I have a friend who owns a nail salon in Commerce Court. She's just reopened but business is still down.

Even with a rent reduction I am worried about her ability to survive

Even before the pandemic, fish pedicure businesses struggle to survive.

 

[Richard White]

Even before the pandemic, fish pedicure businesses struggle to survive.

Fish pedicures? Didn't know they had nails.

 

[Johnny Au]

Fish pedicures? Didn't know they had nails.

It's actually fish therapy, but are often marketed as fish pedicures.

 

[AlbertC]

deKefir, which specializes in soft serve frozen treats and smoothies, have closed their shop within the Bay-Adelaide Centre of the PATH system:

Toronto's unique soft serve spot is permanently closing after 10 years

If you're a kefir lover in Toronto, you'll want to know that what might just be one of your favourite shops is closing down. deKefir specialized in...

www.blogto.com

 

[AlbertC]

BBC with a well detailed article about the effects of the pandemic on Toronto's PATH system:

The ripple effects of closed office buildings

Sept 7, 2020

With workers doing their jobs at home, the business ecosystems around office towers are taking a hit – maybe even a fatal blow.

https://www.bbc.com/worklife/article/20200826-the-ripple-effects-of-closed-office-buildings

 

[AlbertC]

Toronto's PATH remains eerily empty, six months into pandemic

Sept 11, 2020

Toronto's PATH remains eerily empty, six months into pandemic - BNN Bloomberg

The PATH is home to hundreds of small- and medium-sized businesses whose futures remain in doubt as COVID-19 keeps the bulk of the 200,000 people who used to step foot in the pedestrian network daily at home.

www.bnnbloomberg.ca