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Last month, the second location of Ya Bikes opened in Toronto’s Roncesvalles neighbourhood, with Imani saying he was pleased to lock in a long term deal at a very favourable rate.
Imani and his co-owner knew that now was the time to jump on a space before prices rebounded. We both had that in our head, said Imani. That the time might be now from a lessee perspective because there’s so many options on the market.
Commercial real estate agents and members of BIA’s around Canada say the current climate is a prime opportunity for a business to get a new location at a favourable rate if they’ve managed to stay afloat despite the pandemic.