Thursday, 14 May 2015

Empty Target Stores

Q123: By the end of 2015, will any of the former Target locations in Ottawa still be empty?
Yes: 65%
(Usage by a temporary store does not count, but partial usage of the space does count.  A store counts as used if it is being renovated prior to opening, or if a tenant has been announced but has not yet moved in)

Several former Targets in Ottawa have been taken up by Wal-Mart and Loews.  Still, most of them are still empty, and some experts seem to expect them to stay empty for a fair while (see article here).  I think that at least one store will still be empty by the end of the year.  Some locations (such as the St. Laurent and Hazeldean locations) are particularly vulnerable.

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