On Michael Campbell’s CKNW Money Talks radio, you spoke strongly against retail property investment. I own a number of retail stores and I have no vac
Unfortunately, there will be a tsunami of bankruptcies in the retail and energy sectors in particular. While no one has the exact number, 30-40% of all retail stores will never reopen. The same may apply to restaurants, travel agencies, theatres, etc.
It is not a question of liking retail or not, it is a question of:
A. As an owner to love your tenants and help your tenants and be prepared for the need to release your unit.
B. As a tenant, talk to your landlord, try to negotiate more favourable terms and if you are intent on leaving, tell them now.
C. As a buyer of retail: DON’T! (Unless it is – you knew it – a deal of a lifetime)