Often, commercial landlords allow for less-profitable shops because they drive traffic to your more profitable tenants and generally improve the value of the other properties around it.
It is very obvious when this is not done, because you end up with cities like Toronto where there's a plethora of streets with nothing but a chain coffee shop, a chain pharmacy, a dry cleaner, and a dentist; but absolutely nothing that would be of interest or unique.
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Often, commercial landlords allow for less-profitable shops because they drive traffic to your more profitable tenants and generally improve the value of the other properties around it.
It is very obvious when this is not done, because you end up with cities like Toronto where there's a plethora of streets with nothing but a chain coffee shop, a chain pharmacy, a dry cleaner, and a dentist; but absolutely nothing that would be of interest or unique.
Yeah, from what I understand real estate values in Toronto don't depend much on cosy shops in streets, or what's in the streets at all.