Leasing space in eaton centre/yorkdale/square one mall

[g8o4lyf]

I'm trying to find out more information on leasing store space in Eaton centre, yorkdale mall or square one either one. I'm looking at opening a lounge of some type in the near future but after browsing the respective sites I couldnt find any information on how much it actually costs to lease a place. All sites just say blah blah blah without actually saying anything worthwhile. Does anyone have any idea on how to get information regarding this or know anyone who has a store in the malls to get an estimate on how much it costs ? I need to set a benchmark for the rent so I could calculate how my business would run. Will be looking forward to replies. Thank you.

[neverdoanything]

I'm trying to find out more information on leasing store space in Eaton centre, yorkdale mall or square one either one. I'm looking at opening a lounge of some type in the near future but after browsing the respective sites I couldnt find any information on how much it actually costs to lease a place. All sites just say blah blah blah without actually saying anything worthwhile. Does anyone have any idea on how to get information regarding this or know anyone who has a store in the malls to get an estimate on how much it costs ? I need to set a benchmark for the rent so I could calculate how my business would run. Will be looking forward to replies. Thank you.

Phone them up

[darren9]

Unless you already have an established business with a very good business plan, the "Tier 1" malls will not lease a store to you.

Typically there is a base rent and in addition you have to pay the landlord a percentage of sales above breakeven. It's best to contact the leasing managers directly, however don't expect to open your first location in Yorkdale or Eatons.

[shivash39]

i think you need to contact cadilla fairview as they look after the malls and the leasing...now the malls you choose i hope ur prepared to pay top dollar as they are high end malls and will cost you and arm and a leg

[darren9]

It's not really about cost because the traffic volume can support high rents. The problem is that landlords only wants well known tenants. Don't expect them to even tell you how much rent is. If you have to ask...

[Jon Lai]

I think some thread on RFD once mentioned that a space at Vaughan Mills was well over 10K a month, so at Cadallic Fairview Malls, expect something perhaps a tad lower but close to that. Yes, that puts you at $120K for your first year.

Just FYI, the kiosks/trollies we see in the malls aren't cheap either, around 3-4K per month, from what I've read from the various threads on RFD.

[darren9]

Yorkdale carts are $7000 a month PLUS 15% of sales over breakeven.

[g8o4lyf]

Thanks for the opinions people but I think I can afford to have my store downtown someplace. I just came across icx.ca and they have a lot of commercial space for lease around downtown toronto so until I'm considered 'A' class material I wont be attacking any of the malls anytime soon

[seaweed]

If you dont mind me asking what type of business are you running?

[g8o4lyf]

Not running anything at the moment...but I'm doing my homework and writing up my business plan right now before I apply for loans and stuff. Looking forward to opening a so called multimedia lounge can't really tell you all of it but thats the general idea. Add in that once a week club night alongwith loads of other goodies

[grant]

If you want to run a business, you've got to stop being scared to phone up landlords to get lease offers.

Once you talk to a bunch of agents/landlords, you'll start to get a feel for what approximate rent for a location will be so you can make an educated guess when planning.

[g8o4lyf]

I'm not scared about calling anyone. I'm still in the preliminary stages of setting things up and since there was a Entrepreneurship & Small Business forum i just posted here to see what responses I get. When its time I will obviously have to call them to get the proper response. Thanks for the tip still.

[lapopal]

for any reasonable space in a tier one mall like SQ1 depending on floor space expect to pay 30k per month. You may also not even be approved to be in the mall depending on the lease arrangments with other tenants..FYI do not hesitate to call them up, they are mostly friendly and will be more than glad to give you info. (Cadillac fairview might have other malls that need tenants and would not be rude to you incase you were interested in a B or C type mall)

[HunkaHunkaBurningLove]

Unless you're familiar with leasing, you might want to hire a lease consultant. They can help with negotiations and guide you along the right direction.

[g8o4lyf]

Oh yea ? I didnt know they had lease consultants too lol.