CANADIAN SHOPPING CENTRE STUDY 2017 - Exclusive Research Report - Retail Council of Canada
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DECEMBER, 2017
Exclusive
Research
Report
CANADIAN
SHOPPING
CENTRE In partnership with
STUDY 2017
Developed by
RetailCouncil.org
design with retail soul
Jean-Paul Fortin
Yorkville Village, ON
A new signature look was created for
Jean-Paul Fortin, the multi-brand footwear
retailer, for their first location outside of
Quebec at Yorkville Village in Toronto.
Befitting of its location in an urban upscale
shopping destination, the store evokes
understated luxury.
CF Sherway Gardens
Toronto, ON
The expansion drove a complete renovation of
the existing mall, the redesign of eight garden
courts, new guest amenities and a relocation
of the Food Court. The vision supports two-
storey retail storefronts immersed in natural
light. There is also significant exposure for
new restaurants with patio spill-out and a new
mall entrance facing a major highway.hway.
Saks Food Hall by Pusateri’s
CF Toronto Eaton Centre, ON
The aesthetic objective was to create a space
that would reflect the elevated appeal to both
the Pusateri’s and Saks brands in a resolutely
modern style that projects a contemporary
lifestyle image. The food hall features 24,000
square feet of unique culinary stations,
gourmet ingredients, artisanal products and
prepared foods.
let’s talk retail design! www.ghadesing.com · info@ghadesign.com · 1.844.843.5812
www.ghadesign.com
programing & planning · concept & schematic design · design development · design technical drawings · construction coordination · brand graphics
II
CANADIAN
SHOPPING
CENTRE
STUDY 2017
TABLE OF CONTENTS
1. Introduction..................................................................................................................................................................................... 1
2. Executive Summary..................................................................................................................................................... 3
3. T
op Malls in Canada By Sales Per Square Foot...................................................... 4
4. Top 10 Largest Malls in Canada by Square Footage................................... 8
5. T
op 10 Busiest Malls in Canada By
Annual Pedestrian Count................................................................................................................................... 9
6. Canadian Regional Analysis.................................................................................................................... 10
a. Vancouver/Lower Mainland, British Columbia..................................................................................... 12
b. Calgary, Alberta...................................................................................................................................................................... 18
c. Edmonton, Alberta.............................................................................................................................................................22
d. Winnipeg, Manitoba......................................................................................................................................................... 26
e. Greater Toronto Area, Ontario............................................................................................................................. 30
f. Hamilton/St. Catharines/Niagara, Ontario..............................................................................................38
g. Ottawa/Capital Region................................................................................................................................................ 40
h. Montréal, Québec...............................................................................................................................................................44
i. Québec City, Québec..................................................................................................................................................... 48
j. Maritime Provinces............................................................................................................................................................ 50
7. Top Shopping Mall Trends........................................................................................................................... 54
8. Conclusion................................................................................................................................................................................. 62
© Retail Council of Canada 2017. All rights reserved. CANADIAN SHOPPING CENTRE STUDY, 2017
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1
INTRODUCTION
Welcome to Retail This change in our landscape will in itself
Council of Canada’s result in approximately 15 million square
second Canadian feet of vacated retail space nationally.
Shopping Centre
To say that consumer shopping habits
Study. The study
are redefining our bricks-and-mortar
examines Canadian
environment is an understatement.
malls on ranking
With a larger share of the customer’s
metrics including
wallet dedicated to online shopping,
productivity, size
entertainment, food, travel and the
and visitors.
likes, shopping malls will be constantly
Canada’s top malls continue to thrive, challenged to up their game to attract
with leading centres investing in their and retain customers – again and again.
properties as well as courting the top Who ever said retail was easy or boring!
domestic and international retailers. In an
We hope you enjoy our Study and
age where e-commerce is growing quickly,
thank all those who participated. For
physical retail can only succeed when it
more information on the Study and
is experiential, creative, and customer-
Retail Council of Canada, please visit our
centric. Top malls are responding to this
web site at www.retailcouncil.org
challenge with additional investments,
services and amenities. Kind regards,
While many top malls are performing
much better than their U.S. counterparts,
many landlords in this country will face the
ongoing challenges of a sector in constant
Diane J. Brisebois
disruption and re-invention. A case in
President and CEO,
point is the announcement of Sears
Retail Council of Canada
Canada’s departure from the retail space.
ABOUT THE STUDY AUTHOR
Craig Patterson is a retail analyst and founder of the leading
Canadian retail industry news publication, Retail Insider.
He holds Bachelor of Commerce and Bachelor of Law
degrees from the University of Alberta, and is also the head
of research at the University of Alberta School of Retailing.
He has been studying the retail industry for over 25 years and
has a keen interest in shopping centre real estate.
© Retail Council of Canada 2017. All rights reserved. 1 CANADIAN SHOPPING CENTRE STUDY, 2017
It’s 2018. Do you know why you have customers? This is no longer a simple question. Why? Because ongoing shifts and trends in global markets, the rise of the millennials and the exponential proliferation of connected devices have all dramatically upended consumer behaviors – and the various approaches traditionally used to analyze them. This in turn has led to a perfect storm of disruption, especially for retail outlets and the shopping centres that house them – a storm that isn’t merely on the horizon, it’s here now. If the next two to three years are indeed more transformational than the previous 50, as many expect, how will you prepare? Start by reading Me, My Life, My Wallet, and don’t come in from the storm . . . Ride it. kpmg.ca © 2018 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 18743
2
EXECUTIVE SUMMARY
Retail Council of Canada’s second Canadian Shopping Centre Study
analyses Canada’s top malls based primarily on productivity, size,
and pedestrian counts. It then examines 10 Canadian regions based
on demographics and provides information on top centres as well as
highlights local facts about each region and its malls. The study also
dives extensively into key trends seen among leading shopping centres
in Canada, including an extensive list of best practices.
Specific mall data was collected directly from landlords while reference
data was collected from several sources as noted. Canadian mall
productivity numbers were collected for the 12-month period ending
June 30, 2017
KEY OBSERVATIONS
Canada’s top malls continue to thrive. While there are regional
differences in terms of overall productivity, Canada’s leading
malls are healthy, and top centres continue to see investment
and innovation.
OTHER FINDINGS INCLUDED:
• Shopping centres are enhancing their • A range of brands and price points
food & beverage options, by creating continue to open in malls, with top
‘food halls’ and adding full-sized malls featuring a range from the
restaurants. affordable to the luxurious.
• Landlords are more and more focused • International brands continue to come
on creating a shopping experience into Canada, with top malls featuring a
that is more convenient, enjoyable and range of retailers and retailer types.
entertaining.
• Some of the country’s top malls are
• Pop-up/curated retail is more popular looking to diversify their existing sites
than ever. by adding housing and other amenities.
Information in this study is collated from industry data and from noted participants. Retail Council of Canada, to
the fullest extent permitted by law, makes no warranty (express, implied or otherwise), or assumes any legal liability
or responsibility for the accuracy, completeness, reliability and usefulness of this information. Some opinions in this
report are based on current market trends and may be subject to change.
© Retail Council of Canada 2017. All rights reserved. 3 CANADIAN SHOPPING CENTRE STUDY, 2017
3
TOP MALLS IN CANADA
BY SALES PER SQUARE FOOT
For the 12 months ending June 30, 2017
Rank Mall Name City Province Sales Per Sq Ft
1 Yorkdale Shopping Centre Toronto Ontario $1,653
2 Oakridge Shopping Centre Vancouver British Columbia $1,579
3 CF Pacific Centre Vancouver British Columbia $1,531
4 CF Toronto Eaton Centre Toronto Ontario $1,528
5 Southgate Centre Edmonton Alberta $1,147
6 CF Chinook Centre Calgary Alberta $1,075
7 Square One Shopping Centre Mississauga Ontario $1,064
8 Metropolis at Metrotown Burnaby British Columbia $1,031
9 CF Rideau Centre Ottawa Ontario $987
10 CF Sherway Gardens Toronto Ontario $979
11 CF Fairview Mall Toronto Ontario $956
12 CF Richmond Centre Richmond British Columbia $937
13 CF Masonville Place London Ontario $933
14 CF Polo Park Winnipeg Manitoba $921
15 Conestoga Centre Waterloo Ontario $919
16 Mapleview Shopping Centre Burlington Ontario $895
17 CF Market Mall Calgary Alberta $887
18 Guildford Town Centre Surrey British Columbia $875
19 Park Royal Shopping Centre West Vancouver British Columbia $874
20 Scarborough Town Centre Toronto Ontario $866
21 CF Carrefour Laval Laval Québec $848
22 Coquitlam Centre Coquitlam British Columbia $823
23 Halifax Shopping Centre Halifax Nova Scotia $821
24 Place Ste-Foy Québec City Québec $815
25 Bayview Village Toronto Ontario $813
26 CF Markville Richmond Hill Ontario $809
27 Vaughan Mills Vaughan Ontario $792
28 Upper Canada Mall Newmarket Ontario $779
29 CF Lime Ridge Hamilton Ontario $749
30 CF Fairview Pointe Claire Pointe-Claire Québec $748
(Source: Retail Council of Canada, Canadian Shopping Centre Study, 2017)
CANADIAN SHOPPING CENTRE STUDY, 2017 4 © Retail Council of Canada 2017. All rights reserved.
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© Retail Council of Canada 2017. All rights reserved. 5 CANADIAN SHOPPING CENTRE STUDY, 2017
3. TOP MALLS IN CANADA BY SALES PER SQUARE FOOT
RETAIL COUNCIL OF CANADA ANALYSIS
• Canada’s top shopping centres continue • While most of the country’s top malls
to thrive. An impressive eight centres are in major metropolitan centres,
boast annual sales per square foot that strong centres can also be found in the
exceed $1,000 with several others close Ontario communities such as London,
behind. Waterloo, and Hamilton.
• For the second year in a row, Toronto’s • All top 30 shopping centres listed,
Yorkdale Shopping Centre ranked as the except for Park Royal, Scarborough
country’s top mall in terms of annual Town Centre and Bayview Village,
sales per square foot. include an Apple Store as a tenant.
• Of the top 30 malls listed, 11 are in the Yorkdale and Chinook Centre both
Greater Toronto Area and 15 are in house highly productive Tesla stores.
Ontario. • While most of the top malls feature a
• Seven of the top 30 malls are in the mix of retailers, a substantial number
Greater Vancouver Area, making it have a growing list of luxury retailers.
the top region per capita for the most • Three of the top 10 centres above noted
productive malls in the country. are in downtown cores.
• Alberta’s top malls continue to thrive
despite economic challenges, with
Edmonton’s Southgate Centre and
Calgary’s CF Chinook Centre ranking 5th
and 6th, respectively.
Note that the 2017 Canadian Shopping Centre Study is based on 12-month data collected as of June 2017 while
the 2016 study reflected 12-month data as of August 2016. Additionally, the 2017 study focuses on centres with
GLA exceeding 300,000 square feet in size.
CANADIAN SHOPPING CENTRE STUDY, 2017 6 © Retail Council of Canada 2017. All rights reserved.U.S. MALLS COMPARISON
The United States has many productive centres, though several declined to provide
their performance results to Retail Council of Canada for this year’s study. Consensus is
that the Bal Harbour Shops in Bal Harbour, Florida, is the top centre in the United States
with sales per square foot exceeding US $3,000. The landlord would not confirm
exact numbers for 2017.
Sales productivity in Canadian Malls vs. U.S. Malls
2014 2015 2016 2017
Canada ($C) $680 $743 $761 $766
United States ($US) $474 $474 $467 $466
(Source: International Council of Shopping Centres, July 2017, not seasonally adjusted)
• Canadian malls have seen a positive trend in terms of overall annual sales per
square foot for non-anchor tenants since 2014, while the United States has seen
minor decreases year-over-year.
• Canada saw a smaller increase year-over-year between 2016 and 2017, while the
United States saw a minor decrease.
Gross Domestic Product Shopping Centre space
per capita per capita (GLA)
Canada $46,437 23.5 United States
16.4 Canada
United States $57,436
(Source: International Monetary Fund 2016, $US) (Source: International Council of Shopping Centres)
© Retail Council of Canada 2017. All rights reserved. 7 CANADIAN SHOPPING CENTRE STUDY, 20174
TOP 10 LARGEST MALLS IN CANADA
BY SQUARE FOOTAGE
Rank Mall Name City Province Size (square feet)
1 West Edmonton Mall Edmonton Alberta 3,200,000
2 CF Toronto Eaton Centre Toronto Ontario 2,098,754
3 Square One Shopping Centre Mississauga Ontario 1,904,595
4 Yorkdale Shopping Centre Toronto Ontario 1,841,961
5 Metropolis at Metrotown Burnaby British Columbia 1,795,326
6 Scarborough Town Centre Toronto Ontario 1,593,248
7 Park Royal Shopping Centre West Vancouver British Columbia 1,501,405
8 CF Carrefour Laval Laval Québec 1,403,947
9 Les Galeries de la Capitale Québec City Québec 1,348,381
10 Vaughan Mills Vaughan Ontario 1,270,163
(Source: Retail Council of Canada, Canadian Shopping Centre Study, 2017)
RETAIL COUNCIL OF CANADA ANALYSIS
• West Edmonton Mall remains the largest mall in Canada.
• CF Toronto Eaton Centre is Canada’s largest downtown shopping centre, and
is larger than most sprawling suburban centres.
• Canada’s largest malls are spread out geographically, though they tend to be
in larger metro regions.
• West Edmonton Mall remains the biggest mall on the continent, though three
American malls will eventually surpass Canada’s West Edmonton Mall in size.
Landlord Triple Five (which also owns West Edmonton Mall) plans to expand
Mall of America in Bloomington, MN, as well as open two larger centres
(each with in excess of three million square feet of retail space) over the next
several years, both named ‘American Dream’, one will be in New Jersey, the
other west of Miami, Florida.
CANADIAN SHOPPING CENTRE STUDY, 2017 8 © Retail Council of Canada 2017. All rights reserved.5
TOP 10 BUSIEST MALLS IN CANADA BY
ANNUAL PEDESTRIAN COUNT
Rank Mall Name City Province Annual Footfall
1 CF Toronto Eaton Centre Toronto Ontario 50,100,000
2 Metropolis at Metrotown Burnaby British Columbia 27,967,061
3 West Edmonton Mall Edmonton Alberta 27,000,000
4 Centre Eaton de Montréal Montréal Québec 24,100,000
5 Square One Shopping Centre Mississauga Ontario 23,000,000
6 Scarborough Town Centre Toronto Ontario 22,000,000
7 CF Pacific Centre Vancouver British Columbia 21,600,000
8 CF Rideau Centre Ottawa Ontario 21,400,000
9 Yorkdale Shopping Centre Toronto Ontario 18,000,000
10 The CORE Calgary Alberta 16,923,382
(Source: Retail Council of Canada Canadian Shopping Centre Study, 2017)
Top two US Malls as a comparison
Est. Number of
Rank Property City Metro Region State Visitors Annually
1 Ala Moana Shopping Center Honolulu Honolulu Hawaii 42,000,000
2 Mall of America Bloomington Minneapolis Minnesota 40,000,000
(Source: Information supplied by property landlords)
RETAIL COUNCIL OF CANADA ANALYSIS
• CF Toronto Eaton Centre remains as North America’s busiest shopping
centre, surpassing the top US centre by 8 million annual visitors.
• Canada’s busiest malls tend to be in metro regions with a population
surpassing 1-million people.
• Remarkably, four of Canada’s top 10 busiest malls are in urban cores (CF
Toronto Eaton Centre, CF Pacific Centre, CF Rideau Centre, The CORE). In
the United States, none of the country’s top 10 malls are downtown. This can
be attributed to factors including stronger urban cores in Canada as well as
a combination of history, culture, downtown population concentration and
mix, investment priorities, and transit access when compared to most cities
south of the border.
© Retail Council of Canada 2017. All rights reserved. 9 CANADIAN SHOPPING CENTRE STUDY, 20176
CANADIAN REGIONAL ANALYSIS
Malls were selected primarily based on productivity, followed by size and
foot traffic. Data for mall space per capita is from Ryerson University’s
Centre for the Study of Commercial Activity (CSCA). Population, and
population growth numbers are from Statistics Canada, 2016 estimates,
and average household incomes are via Environics Analytics.
The following pages feature regional demographic
data and top shopping centres for census
metropolitan regions (CMA) in excess of 750,000.
6a. VANCOUVER/LOWER MAINLAND
6b. CALGARY, ALBERTA
6c. EDMONTON, ALBERTA
6d. WINNIPEG, MANITOBA
6e. GREATER TORONTO AREA, ONTARIO
6f. HAMILTON/ST. CATHARINES/NIAGARA, ONTARIO
6g. OTTAWA/CAPITAL REGION
6h. MONTRÉAL, QUEBÉC
6i. QUÉBEC CITY, QUÉBEC
6j. MARITIME PROVINCES*
*The study includes a region for the Maritime Provinces (New Brunswick/Nova Scotia) to provide balance,
recognizing that the population threshold of 750,000 residents could not be met in some areas.
CANADIAN SHOPPING CENTRE STUDY, 2017 10 © Retail Council of Canada 2017. All rights reserved.© Retail Council of Canada 2017. All rights reserved. 11 CANADIAN SHOPPING CENTRE STUDY, 2017
Tsawwassen Mills, South Delta
6a. VANCOUVER/LOWER MAINLAND,
BRITISH COLUMBIA
METROPOLITAN POPULATION: 2,548,700 (Stats Canada, 2016)
POPULATION GROWTH BETWEEN 2015 & 2016: 1.7%
AVERAGE HOUSEHOLD INCOME:* $102,242
SHOPPING MALL RETAIL SPACE PER CAPITA** 15.79 square feet
TOTAL SALES PRODUCTIVITY FOR NON-ANCHOR MALL
TENANTS, 12 MONTHS ENDING July 2017 (ICSC): $1,051
RETAIL COUNCIL OF CANADA ANALYSIS
• For the second year in a row, the Vancouver/Lower Mainland
region has the highest average total sales productivity
for malls in Canada ($1,051) according to the International
Council of Shopping Centres, and less shopping centre space
per capita than most Canadian regions, according to CSCA
Shopping Centre Database, Ryerson University.
*Data Source for Household Income: Environics Analytics
**Data Source for Retail Space per Capita: 2017 CSCA Shopping Centre Database, Ryerson University, https://csca.ryerson.ca/
CANADIAN SHOPPING CENTRE STUDY, 2017 12 © Retail Council of Canada 2017. All rights reserved.The region has the
highest average total sales
productivity for malls in
Canada
• The region has 7 of Canada’s top 30 malls in terms of sales productivity,
also making it a top market for shopping centres in Canada in terms of per
capita productivity. Simply put, Vancouver punches above its weight.
• However, the BC Lower Mainland saw a slight reduction in its total annual
sales per square foot productivity for its malls between 2016 and 2017. In
2017, the region’s average was $1,051 – compared to $1,053 in 2016 and
$1,011 in 2015 (ICSC).
© Retail Council of Canada 2017. All rights reserved. 13 CANADIAN SHOPPING CENTRE STUDY, 20176a. VANCOUVER/LOWER MAINLAND, BRITISH COLUMBIA – CANADIAN REGIONAL ANALYSIS TOP REGIONAL MALLS CF Pacific Centre, Vancouver Oakridge Centre, Vancouver (Downtown) Mall Manager: QuadReal Mall Manager: Cadillac Fairview Sales Productivity: $1,579 Sales Productivity: $1,531 Size (Gross Leasable Area): 573,742 sq ft Size (Gross Leasable Area): 674,679 sq ft Annual Pedestrian Count: Unavailable Annual Pedestrian Count: 22,000,000 Expansion/Renovation Plans? Expansion/Renovation Plans? Yes (substantial multi-year overhaul planned Yes – Howe Street/W. Georgia corner expansion, 3 levels Parking Spaces: 3,032 Parking Spaces: 1,558 Highway/Transit Access? Highway/Transit Access? Transit (SkyTrain) Transit (SkyTrain), major roadway Anchors over 50,000 sq ft: Anchors over 50,000 sq ft: Hudson’s Bay 637,000 sq ft Hudson’s Bay 182,485 sq ft Nordstrom 230,000 sq ft Safeway 50,099 sq ft Holt Renfrew 187,694 sq ft CF Pacific Centre, Vancouver CANADIAN SHOPPING CENTRE STUDY, 2017 14 © Retail Council of Canada 2017. All rights reserved.
Park Royal Shopping Centre, Guildford Town Centre, Surrey
West Vancouver Mall Manager: Ivanhoé Cambridge
Mall Manager: Larco Investments Ltd. Sales Productivity: $875
Sales Productivity: $874 Size (Gross Leasable Area): 1,073,727 sq ft
Size (Gross Leasable Area): 1,501,405 sq ft Annual Pedestrian Count: 15,000,000
Annual Pedestrian Count: Not disclosed Expansion/Renovation Plans? No
Expansion/Renovation Plans? Yes Parking Spaces: 4,370 sq ft
Parking Spaces: 5,715 Highway/Transit Access? Major roadway
Highway/Transit Access? Anchors over 50,000 sq ft:
Transit (SkyTrain), major roadway Hudson’s Bay 174,540 sq ft
Anchors over 50,000 sq ft: Walmart 149,000 sq ft
Hudson’s Bay 165,000 sq ft Sears (Closing) 141,345 sq ft
La Maison Simons 100,000 sq ft Empire Theatres 75,426 sq ft
Home Depot 72,000 sq ft
The Brick 48,000 sq ft
Sport Chek 51,000 sq ft Coquitlam Centre, Coquitlam
Mall Manager: Morguard
Metropolis at Metrotown, Burnaby Sales Productivity: $823
Size (Gross Leasable Area): 916,482 sq ft
Mall Manager: Ivanhoé Cambridge
Annual Pedestrian Count: 12,001,340
Sales Productivity: $1,031
Expansion/Renovation Plans? No
Size (Gross Leasable Area): 1,795,326 sq ft
Parking Spaces: 4,500
Annual Pedestrian Count: 28,000,000
Highway/Transit Access? Major roadway
Expansion/Renovation Plans?
Anchors over 50,000 sq ft:
Yes – redevelopment (including
Sears (Closing) 151,455 sq ft
former Target and Sears spaces)
Hudson’s Bay 120,527 sq ft
Parking Spaces: 8,334
Highway/Transit Access?
Transit (SkyTrain), major roadway
Anchors over 50,000 sq ft:
Sears (Closing) 217,283 sq ft
Hudson’s Bay 132,465 sq ft
Real Canadian Superstore 128,617 sq ft
Winners 64,916 sq ft
SilverCity Cinemas 59,651 sq ft
T&T Supermarket 59,651 sq ft
Sport Chek 48,423 sq ft
© Retail Council of Canada 2017. All rights reserved. 15 CANADIAN SHOPPING CENTRE STUDY, 20176a. VANCOUVER/LOWER MAINLAND, BRITISH COLUMBIA – CANADIAN REGIONAL ANALYSIS
Willowbrook Shopping Centre, Langley Tsawwassen Mills, South Delta
Mall Manager: Bentall Kennedy Mall Manager: Ivanhoé Cambridge
Sales Productivity: $660 Sales Productivity: (Centre open for less
Size (Gross Leasable Area): 646,520 sq ft than 12 months)
Annual Pedestrian Count: 6,200,000 Size (Gross Leasable Area): 1,200,000 sq ft
Expansion/Renovation Plans? N/A Annual Pedestrian Count: N/A
Parking Spaces: 3,188 Expansion/Renovation Plans? N/A
Highway/Transit Access? Major roadway Parking Spaces: 6,000
Anchors over 50,000 sq ft: Highway/Transit Access?
Hudson’s Bay 131,439 sq ft Major roadway, bus and ferry
Sears (Closing) 113,146 sq ft Anchors over 50,000 sq ft:
Bass Pro Shops 145,000 sq ft
Tsawwassen Mills, South Delta
CANADIAN SHOPPING CENTRE STUDY, 2017 16 © Retail Council of Canada 2017. All rights reserved.© Retail Council of Canada 2017. All rights reserved. 17 CANADIAN SHOPPING CENTRE STUDY, 2017
Chinook Centre, Calgary
6b. CALGARY, ALBERTA
METROPOLITAN POPULATION: 1,469,300 (Stats Canada, 2016)
POPULATION GROWTH BETWEEN 2015 & 2016: 1.9%
AVERAGE HOUSEHOLD INCOME:* $137,761
SHOPPING MALL RETAIL SPACE PER CAPITA** 23.79 square feet
TOTAL SALES PRODUCTIVITY FOR NON-ANCHOR MALL
TENANTS, 12 MONTHS ENDING July 2017 (ICSC): $777
RETAIL COUNCIL OF CANADA ANALYSIS
• Calgary has experienced a reduction in its total annual sales per square
foot productivity for its malls between 2015 and 2017, according to the
International Council of Shopping Centres. In 2017, Calgary’s average
was $777 – compared to $788 in 2016 and $827 in 2015.
• Lower oil prices have had a negative impact on the economy since 2014
but many are bullish about the city and the province’s future.
• The city is growing rapidly despite its challenges.
• Calgarians are among the top earners in the country, despite a local
recession.
*Data Source for Household Income: Environics Analytics
**Data Source for Retail Space per Capita: 2017 CSCA Shopping Centre Database, Ryerson University, https://csca.ryerson.ca/
CANADIAN SHOPPING CENTRE STUDY, 2017 18 © Retail Council of Canada 2017. All rights reserved.Calgarians are
among the top
earners in the
country.
• Retailers and landlords continue to invest in Calgary’s
malls. CF Market Mall recently re-tenanted its Target
space, for example, and CF Chinook Centre will see
Saks Fifth Avenue open a 115,000 square foot store
in February of 2018.
© Retail Council of Canada 2017. All rights reserved. 19 CANADIAN SHOPPING CENTRE STUDY, 20176b. CALGARY, ALBERTA – CANADIAN REGIONAL ANALYSIS
TOP REGIONAL MALLS
CF Chinook Centre, Calgary CF Market Mall, Calgary
Mall Manager: Cadillac Fairview Mall Manager: Cadillac Fairview
Sales Productivity: $1,075 Sales Productivity: $887
Size (Gross Leasable Area): 1,212,712 sq ft Size (Gross Leasable Area): 776,556 sq ft
Annual Pedestrian Count: 14,000,000 Annual Pedestrian Count: 9,000,000
Expansion/Renovation Plans? Expansion/Renovation Plans?
Yes - Saks Fifth Avenue (spring 2018) Yes - former Target space to see Sporting Life, Zara,
HomeSense, Saks OFF 5TH
Parking Spaces: 5,500
Parking Spaces: 4,218
Highway/Transit Access? Major roadway and transit
Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft:
Hudson’s Bay 203,342 sq ft Anchors over 50,000 sq ft:
Nordstrom 140,000 sq ft Hudson’s Bay 200,000 sq ft
*Spring 2018: Saks Fifth Avenue 115,000 sq ft
Cineplex 90,000 sq ft
The CORE, Downtown Calgary
CANADIAN SHOPPING CENTRE STUDY, 2017 20 © Retail Council of Canada 2017. All rights reserved.Southcentre Mall, Calgary The CORE (TD Square-Holt Renfrew),
Mall Manager: Oxford Properties
Downtown Calgary
Sales Productivity: $643 Mall Manager: Cushman & Wakefield
Size (Gross Leasable Area): 1,116,279 sq ft Sales Productivity: $656
Annual Pedestrian Count: 6,700,000 Size (Gross Leasable Area): 664,151 sq ft
Expansion/Renovation Plans? None reported Annual Pedestrian Count: 17,000,000
Parking Spaces: 4,193 Expansion/Renovation Plans? Yes - redevelopment
Highway/Transit Access? Transit Parking Spaces: 800
Anchors over 50,000 sq ft: Highway/Transit Access? Transit
Sears (Closing) 234,109 sq ft Anchors over 50,000 sq ft:
Hudson’s Bay 164,514 sq ft Holt Renfrew 146,887 sq ft
Safeway 76,326 sq ft La Maison Simons 92,000 sq ft
Sporting Life 46,000 sq ft
CrossIron Mills, Balzac
Mall Manager: Ivanhoé Cambridge
Sales Productivity: $660
Size (Gross Leasable Area): 1,125,254 sq ft
Annual Pedestrian Count: 9,000,000
Expansion/Renovation Plans?
Yes - food court redevelopment
Parking Spaces: 6,400
Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft:
Bass Pro Shops 148,911 sq ft
Toys R Us 51,069 sq ft
CF Chinook Centre, Calgary
© Retail Council of Canada 2017. All rights reserved. 21 CANADIAN SHOPPING CENTRE STUDY, 2017Kingsway Mall, Edmonton
6c. EDMONTON, ALBERTA
METROPOLITAN POPULATION: 1,392,600 (Stats Canada, 2016)
POPULATION GROWTH BETWEEN 2015 & 2016: 2.1%
AVERAGE HOUSEHOLD INCOME:* $117,225
SHOPPING MALL RETAIL SPACE PER CAPITA** 26.66 square feet
TOTAL SALES PRODUCTIVITY FOR NON-ANCHOR MALL
TENANTS, 12 MONTHS ENDING July 2017 (ICSC): $744
RETAIL COUNCIL OF CANADA ANALYSIS
• As with Calgary, Edmonton has seen a reduction in its total annual sales
per square foot productivity for its malls between 2015 and 2017.
In 2017, Edmonton’s average was $744 – compared to $765 in 2016
and $820 in 2015.
• The city is growing rapidly despite its recent economic challenges.
• Londonderry Shopping Centre in the city’s northeast completed
an overhaul in August that included new interior and exterior,
electric car charging stations, and a new anchor La Maison Simons
department store.
*Data Source for Household Income: Environics Analytics
**Data Source for Retail Space per Capita: 2017 CSCA Shopping Centre Database, Ryerson University, https://csca.ryerson.ca/
CANADIAN SHOPPING CENTRE STUDY, 2017 22 © Retail Council of Canada 2017. All rights reserved.• West Edmonton Mall is in a state of constant
change – it recently added The Rec Room Edmonton is growing
entertainment centre, and it is also in the process
of re-tenanting its former Target space. despite its recent
economic challenges.
© Retail Council of Canada 2017. All rights reserved. 23 CANADIAN SHOPPING CENTRE STUDY, 20176c. EDMONTON, ALBERTA – CANADIAN REGIONAL ANALYSIS
TOP REGIONAL MALLS
Southgate Centre, Edmonton Kingsway Mall, Edmonton
Mall Manager: Ivanhoé Cambridge Mall Manager: Oxford Properties
Sales Productivity: $1,147 Sales Productivity: $689
Size (Gross Leasable Area): 918,800 sq ft Size (Gross Leasable Area): 842,408 sq ft
Annual Pedestrian Count: 9,000,000 Annual Pedestrian Count: 6,600,000
Expansion/Renovation Plans? No Expansion/Renovation Plans? Yes - former Target space
Parking Spaces: 4,385 Parking Spaces: 3,756
Highway/Transit Access? Major roadway and transit Highway/Transit Access? Major roadway and transit
Anchors over 50,000 sq ft: Anchors over 50,000 sq ft:
Sears (Closing) 263,019 sq ft Sears (Closing) 241,872 sq ft
Hudson’s Bay 236,551 sq ft Hudson’s Bay 162,404 sq ft
Safeway 52,571 sq ft
Edmonton City Centre, Edmonton
West Edmonton Mall, Edmonton (Downtown)
Mall Manager: Triple Five/West Edmonton Mall Property Inc. Mall Manager: Oxford Properties
Sales Productivity: *$760 Sales Productivity: $405
Size (Gross Leasable Area): 3,200,000 sq ft Size (Gross Leasable Area): 830,424 sq ft
Annual Pedestrian Count: 27,000,000 Annual Pedestrian Count: 9,200,000
Expansion/Renovation Plans? Yes Expansion/Renovation Plans?
Parking Spaces: 21,152 Yes - centre overhaul ongoing
Highway/Transit Access? Major roadway and transit Parking Spaces: 2,184
Anchors over 50,000 sq ft: Highway/Transit Access? Transit
Hudson’s Bay 164,000 sq ft
Anchors over 50,000 sq ft:
Sears (Closing) 149,000 sq ft
Hudson’s Bay 167,946 sq ft
La Maison Simons 125,000 sq ft
Empire Theatres 73,702 sq ft
Sport Chek/Atmosphere 80,800 sq ft
T&T 55,000 sq ft
*West Edmonton Mall numbers reflect entire non-anchor mall CRU,
with the mall’s central corridor seeing sales of $1,178 per square foot,
according to landlord Triple Five.
Southgate Centre, Edmonton
CANADIAN SHOPPING CENTRE STUDY, 2017 24 © Retail Council of Canada 2017. All rights reserved.Londonderry Shopping Centre,
Edmonton
Mall Manager: Cushman & Wakefield
Sales Productivity: (Declined: Centre recently
overhauled)
Size (Gross Leasable Area): 776,749 sq ft
Annual Pedestrian Count: TBD (centre overhauled)
Expansion/Renovation Plans? No
Parking Spaces: 3,528
Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft:
Hudson’s Bay 118,240 sq ft
La Maison Simons 100,800 sq ft
Londonderry Shopping Centre, Edmonton
© Retail Council of Canada 2017. All rights reserved. 25 CANADIAN SHOPPING CENTRE STUDY, 2017CF Polo Park, Winnipeg
6d. WINNIPEG, MANITOBA
METROPOLITAN POPULATION: 811,900 (Stats Canada, 2016)
POPULATION GROWTH BETWEEN 2015 & 2016: 2.3%
AVERAGE HOUSEHOLD INCOME:* $94,884
SHOPPING MALL RETAIL SPACE PER CAPITA** 18.40 square feet
RETAIL COUNCIL OF CANADA ANALYSIS
• Winnipeg is one of Canada’s fastest growing cities with a
population exceeding 750,000 people.
• CF Polo Park is on a trend to surpass $1,000 per square foot in
annual sales.
• The city has considerably less retail space than Alberta’s largest
cities, though it has more than the Greater Vancouver area.
*Data Source for Household Income: Environics Analytics
**Data Source for Retail Space per Capita: 2017 CSCA Shopping Centre Database, Ryerson University, https://csca.ryerson.ca/
CANADIAN SHOPPING CENTRE STUDY, 2017 26 © Retail Council of Canada 2017. All rights reserved.TOP REGIONAL MALLS
CF Polo Park, Winnipeg
Mall Manager: Cadillac Fairview
Sales Productivity: $921
Size (Gross Leasable Area): 1,171,893 sq ft
Annual Pedestrian Count: 11,000,000
Expansion/Renovation Plans? Yes Winnipeg is one of
Parking Spaces:
Highway/Transit Access?
5,813
Major roadway
Canada’s fastest
Anchors over 50,000 sq ft: growing cities.
Sears (Closing) 263,000 sq ft
Hudson’s Bay 212,000 sq ft
© Retail Council of Canada 2017. All rights reserved. 27 CANADIAN SHOPPING CENTRE STUDY, 20176d. WINNIPEG, MANITOBA – CANADIAN REGIONAL ANALYSIS St. Vital Centre Garden City Shopping Centre, Winnipeg Mall Manager: Cushman & Wakefield Mall Manager: RioCan Sales Productivity: 615.14 Sales Productivity: $652.94 Size (Gross Leasable Area): 931,831 sq ft Size (Gross Leasable Area): 380,558 sq ft Annual Pedestrian Count: 8,600,000 Annual Pedestrian Count: 1,839,130 Expansion/Renovation Plans? N/A Expansion/Renovation Plans? Parking Spaces: 4,661 Renovations will be complete in Winter 2017/2018 Highway/Transit Access? Major roadway Parking Spaces: 1,974 Anchors over 50,000 sq ft: Highway/Transit Access? Major roadway Walmart 159,285 sq ft Anchors over 50,000 sq ft: Sears (Closing) 131,513 sq ft Canadian Tire 94,267 sq ft Hudson’s Bay 122,000 sq ft Sears (Closing) 92,604 sq ft SilverCity Cinemas 66,971 sq ft Co-Op 55,000 sq ft CANADIAN SHOPPING CENTRE STUDY, 2017 28 © Retail Council of Canada 2017. All rights reserved.
© Retail Council of Canada 2017. All rights reserved. 29 CANADIAN SHOPPING CENTRE STUDY, 2017
Hillcrest Mall, Richmond Hill
6e. GREATER TORONTO AREA, ONTARIO
METROPOLITAN POPULATION: 6,242,300 (Stats Canada, 2016)
POPULATION GROWTH BETWEEN 2015 & 2016: 1.8%
AVERAGE HOUSEHOLD INCOME:* $113,477
SHOPPING MALL RETAIL SPACE PER CAPITA** 22.04 square feet
TOTAL SALES PRODUCTIVITY FOR NON-ANCHOR MALL
TENANTS, 12 MONTHS ENDING AUGUST 2016 (ICSC): $932
RETAIL COUNCIL OF CANADA ANALYSIS
• The Greater Toronto Area has consistently seen gains in its total annual
sales per square foot productivity for its malls between 2015 and 2017.
In 2017, the GTA’s average was $932 – compared to $926 in 2016 and
$892 in 2015 (ICSC).
• The Greater Toronto Area is home to far more major shopping centres
than any region in the country.
• Many leading malls have seen substantial investments over the past five
years, including renovations, expansions and new retailers.
*Data Source for Household Income: Environics Analytics
**Data Source for Retail Space per Capita: 2017 CSCA Shopping Centre Database, Ryerson University, https://csca.ryerson.ca/
CANADIAN SHOPPING CENTRE STUDY, 2017 30 © Retail Council of Canada 2017. All rights reserved.In the past five years,
many leading malls have
seen investments in the
form of renovations and
expansion.
© Retail Council of Canada 2017. All rights reserved. 31 CANADIAN SHOPPING CENTRE STUDY, 20176e. GREATER TORONTO AREA, ONTARIO – CANADIAN REGIONAL ANALYSIS
TOP REGIONAL MALLS
6e (i) City Of Toronto: CF Sherway Gardens, Toronto
Mall Manager: Cadillac Fairview
Yorkdale Shopping Centre, Toronto Sales Productivity: $979
Mall Manager: Oxford Properties Size (Gross Leasable Area): 1,083,139 sq ft
Sales Productivity: $1,653 Annual Pedestrian Count: N/A
Size (Gross Leasable Area): 1,841,961 sq ft Expansion/Renovation Plans?
Yes - ‘Nordstrom Wing’ now open
Annual Pedestrian Count: 18,000,000
Expansion/Renovation Plans? Parking Spaces: 5,161
Yes - Southwest wing with RH and Highway/Transit Access? Major roadway
Sporting Life (fall 2017), Holt Renfrew expansion Anchors over 50,000 sq ft:
Parking Spaces: 8,000 Hudson’s Bay 223,477 sq ft
Highway/Transit Access? Major roadway and transit Saks Fifth Avenue 143,200 sq ft
Nordstrom 140,000 sq ft
Anchors over 50,000 sq ft:
Hudson’s Bay 300,870 sq ft
Nordstrom 199,000 sq ft
CF Fairview Mall, Toronto
Holt Renfrew 121,000 sq ft
*October 2017: Restoration Hardware 69,000 sq ft Mall Manager: Cadillac Fairview
SilverCity Theatre 68,470 sq ft
Sales Productivity: $956
*October 2017: Sporting Life 48,700 sq ft
Size (Gross Leasable Area): 861,009 sq ft
Annual Pedestrian Count: 14,000,000
CF Toronto Eaton Centre, Toronto Expansion/Renovation Plans? Yes
Mall Manager: Cadillac Fairview Parking Spaces: 4,588
Sales Productivity: $1,528 Highway/Transit Access? Major roadway and transit
Size (Gross Leasable Area): 2,098,754 sq ft Anchors over 50,000 sq ft:
Hudson’s Bay 152,420 sq ft
Annual Pedestrian Count: 50,100,000
Sears (Closing) 149,552 sq ft
Expansion/Renovation Plans? SilverCity 59,401 sq ft
Yes (Samsung Store, Pedway)
Parking Spaces: 1,300
Highway/Transit Access? Transit
Anchors over 50,000 sq ft:
Nordstrom 220,000 sq ft
Saks Fifth Avenue/Pusateris 169,000 sq ft
H&M 58,000 sq ft
Hudson’s Bay N/A sq ft
CANADIAN SHOPPING CENTRE STUDY, 2017 32 © Retail Council of Canada 2017. All rights reserved.© Retail Council of Canada 2017. All rights reserved. 33 CANADIAN SHOPPING CENTRE STUDY, 2017
6e. GREATER TORONTO AREA, ONTARIO – CANADIAN REGIONAL ANALYSIS
Scarborough Town Centre, Toronto 6e (ii) Downtown Toronto Centres
Mall Manager: Oxford Properties (Under 250,000 sq ft, and Highly
Sales Productivity: $866 Productive):
Size (Gross Leasable Area): 1,593,248 sq ft
Annual Pedestrian Count: 22,000,000 Holt Renfrew Centre, Toronto
Expansion/Renovation Plans? Yes Mall Manager: Morguard
Parking Spaces: 5,708 Sales Productivity: $1,009
Highway/Transit Access? Major roadway and transit Size (Gross Leasable Area): 242,510 sq ft
Anchors over 50,000 sq ft: Annual Pedestrian Count: 7,139,892
Hudson’s Bay 252,656 sq ft
Expansion/Renovation Plans?
Sears (Closing) 231,590 sq ft
No (Yes for Holt Renfrew anchor upstairs)
Walmart 158,810 sq ft
Famous Players 105,000 sq ft Parking Spaces: N/A
Highway/Transit Access? Transit
Anchors over 50,000 sq ft:
Bayview Village, Toronto Holt Renfrew 181,415 sq ft
Mall Manager: QuadReal
Sales Productivity: $813.21
Royal Bank Plaza, Toronto
Size (Gross Leasable Area): 313,642 sq ft
Mall Manager: Oxford Properties
Annual Pedestrian Count: N/A
Sales Productivity: $1,053
Expansion/Renovation Plans?
Yes - substantial mall redevelopment planned Size (Gross Leasable Area): 116,003 sq ft
Parking Spaces: 2,164 Annual Pedestrian Count: Not reported
Highway/Transit Access? Major roadway and transit Expansion/Renovation Plans? N/A
Anchors over 50,000 sq ft: Parking Spaces: 627
Loblaws 70,000 sq ft Highway/Transit Access? Transit
Anchors over 50,000 sq ft: None
CF Toronto Eaton Centre, Toronto
CANADIAN SHOPPING CENTRE STUDY, 2017 34 © Retail Council of Canada 2017. All rights reserved.Toronto Dominion Centre, Toronto Erin Mills Town Centre, Mississauga
Mall Manager: Cadillac Fairview Mall Manager: Morguard
Sales Productivity: $866 Sales Productivity: $536.98
Size (Gross Leasable Area): 163,404 sq ft Size (Gross Leasable Area): 847,532 sq ft
Annual Pedestrian Count: Not available Annual Pedestrian Count: 9,000,000
Expansion/Renovation Plans? No Expansion/Renovation Plans? No
Parking Spaces: 1,090 Parking Spaces: 4,517
Highway/Transit Access? Transit Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft: None Anchors over 50,000 sq ft:
Walmart 135,892 sq ft
Hudson’s Bay 134,073 sq ft
6e (iii) West Greater Toronto Area: Sears (Closing) 132,227 sq ft
Square One Shopping Centre, Mapleview Centre, Burlington
Mississauga
Mall Manager: Ivanhoé Cambridge
Mall Manager: Oxford Properties
Sales Productivity: $895
Sales Productivity: $1,064
Size (Gross Leasable Area): 635,418 sq ft
Size (Gross Leasable Area): 1,904,595 sq ft
Annual Pedestrian Count: 6,000,000
Annual Pedestrian Count: 23,000,000
Expansion/Renovation Plans? No
Expansion/Renovation Plans?
Parking Spaces: 2,861
YES - north-west expansion plans in the works
Highway/Transit Access? Major roadway
Parking Spaces: 8,704
Anchors over 50,000 sq ft:
Highway/Transit Access? Major roadway and transit Hudson’s Bay 129,066 sq ft
Anchors over 50,000 sq ft: Sears (Closing) 125,707 sq ft
Walmart 220,000 sq ft
Hudson’s Bay 188,000 sq ft
Holt Renfrew 140,000 sq ft
La Maison Simons 113,000 sq ft Square One Shopping Centre, Mississauga
© Retail Council of Canada 2017. All rights reserved. 35 CANADIAN SHOPPING CENTRE STUDY, 20176e. GREATER TORONTO AREA, ONTARIO – CANADIAN REGIONAL ANALYSIS
Bramalea City Centre, Brampton Upper Canada Mall, Newmarket
Mall Manager: Morguard Mall Manager: Oxford Properties
Sales Productivity: $580 (enclosed mall only) Sales Productivity: $779
Size (Gross Leasable Area): 1,499,782 sq ft Size (Gross Leasable Area): 996,183 sq ft
Annual Pedestrian Count: 16,000,000 Annual Pedestrian Count: 7,400,000
Expansion/Renovation Plans? Parking Spaces: 4,900
Redevelopment and/or renovation to the centre over Highway/Transit Access? Major roadway
next 12 months. The balance of the former Target space
Anchors over 50,000 sq ft:
and the pending availability of the Sears space will
Hudson’s Bay 142,776 sq ft
necessitate changes to the centre
Sears (Closing) 121,869 sq ft
Parking Spaces: 6,109
Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft: CF Markville, Markham
Sears (Closing) 157,156 sq ft
Mall Manager: Cadillac Fairview
Hudson’s Bay 131,438 sq ft
Metro 63,809 sq ft Sales Productivity: $809
Size (Gross Leasable Area): 874,273 sq ft
Annual Pedestrian Count: 12,000,000
6e (iv) North Greater Toronto Area: Expansion/Renovation Plans? Yes
Parking Spaces: 5,138
Vaughan Mills, Vaughan Highway/Transit Access? Major roadway
Mall Manager: Ivanhoé Cambridge Anchors over 50,000 sq ft:
Sales Productivity: $792 Hudson’s Bay 140,094 sq ft
Walmart 131,028 sq ft
Size (Gross Leasable Area): 1,270,163 sq ft
Winners/HomeSense 50,973 sq ft
Annual Pedestrian Count: 14,000,000
Expansion/Renovation Plans? No
Parking Spaces: 6,213
Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft:
Winners 131,184 sq ft
Bass Pro Shops 61,405 sq ft
CANADIAN SHOPPING CENTRE STUDY, 2017 36 © Retail Council of Canada 2017. All rights reserved.Hillcrest Mall, Richmond Hill Pickering Town Centre, Pickering
Mall Manager: Oxford Properties Mall Manager: Cushman & Wakefield
Sales Productivity: $523 Sales Productivity: $488*
Size (Gross Leasable Area): 498,029 sq ft Size (Gross Leasable Area): 924,554 sq ft
Annual Pedestrian Count: 6,700,000 Annual Pedestrian Count: 9,880,000
Expansion/Renovation Plans? Expansion/Renovation Plans? Yes
Yes (Target space to be re-tenanted) Parking Spaces: 4,296
Parking Spaces: 2,631 Highway/Transit Access? Major roadway
Highway/Transit Access? Both Anchors over 50,000 sq ft:
Anchors over 50,000 sq ft: Sears (Closing) 164,348 sq ft
Hudson’s Bay 136,915 sq ft Hudson’s Bay 121,730 sq ft
*Number obtained from landlord website.
6e (v) East Greater Toronto Area:
Oshawa Centre, Oshawa
Mall Manager: Ivanhoé Cambridge
Sales Productivity: $717
Size (Gross Leasable Area): 1,140,006 sq ft
Annual Pedestrian Count: 10,000,000
Expansion/Renovation Plans? Yes - Expansion
Parking Spaces: 5,818
Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft:
Sears (Closing) 132,118 sq ft
Hudson’s Bay 122,624 sq ft
© Retail Council of Canada 2017. All rights reserved. 37 CANADIAN SHOPPING CENTRE STUDY, 2017CF Lime Ridge, Hamilton
6f. HAMILTON/ST. CATHARINES/
NIAGARA, ONTARIO
METROPOLITAN POPULATION: 1,190,100 (Stats Canada, 2016)
POPULATION GROWTH BETWEEN 2015 & 2016: 0.9%
AVERAGE HOUSEHOLD INCOME:* $101,143 (Hamilton)
23.11 (Hamilton)
SHOPPING MALL RETAIL SPACE PER CAPITA** 25.01 (Saint Catharines)
*Data Source for Household Income: Environics Analytics
**Data Source for Retail Space per Capita: 2017 CSCA Shopping Centre Database, Ryerson University, https://csca.ryerson.ca/
CANADIAN SHOPPING CENTRE STUDY, 2017 38 © Retail Council of Canada 2017. All rights reserved.TOP REGIONAL MALLS
CF Lime Ridge, Hamilton
Mall Manager: Cadillac Fairview
Sales Productivity: $749
Size (Gross Leasable Area): 794,517 sq ft
Annual Pedestrian Count: 10,000,000
Expansion/Renovation Plans? No
Parking Spaces: 4,309
Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft:
Sears (Closing) 143,643 sq ft
Pen Centre, St. Catharines
Hudson’s Bay 125,307 sq ft
Mall Manager: Cushman & Wakefield
Sales Productivity: $566*
Outlet Collection At Niagara,
Size (Gross Leasable Area): 1,072,132 sq ft
Niagara-on-the-Lake
Annual Pedestrian Count: 11,000,000
Mall Manager: Ivanhoé Cambridge Expansion/Renovation Plans? N/A
Sales Productivity: $694 Parking Spaces: 5,000
Size (Gross Leasable Area): 547,817 sq ft Highway/Transit Access? Major roadway
Annual Pedestrian Count: 6,000,000 Anchors over 50,000 sq ft:
Expansion/Renovation Plans? No Sears (Closing) 194,611 sq ft
Parking Spaces: 2,796 Hudson’s Bay 150,688 sq ft
Zehrs 59,908 sq ft
Highway/Transit Access? Major roadway
Empire Theatres 48,888 sq ft
Anchors over 50,000 sq ft:
*Number obtained from landlord leasing site
Bass Pro Shops 81,250 sq ft
© Retail Council of Canada 2017. All rights reserved. 39 CANADIAN SHOPPING CENTRE STUDY, 2017CF Rideau Centre, Ottawa
6g. OTTAWA/CAPITAL REGION
METROPOLITAN POPULATION: 1,351,100 (Stats Canada, 2016)
POPULATION GROWTH BETWEEN 2015 & 2016: 1.4%
$116,815 (Ontario)
AVERAGE HOUSEHOLD INCOME:* $87,434 (Québec)
SHOPPING MALL RETAIL SPACE PER CAPITA** 20.92 square feet
Total Sales Productivity for Non-Anchor Mall Tenants,
12 Months (Ending July 2017 – ICSC) $699
RETAIL COUNCIL OF CANADA ANALYSIS
• The Ottawa/Capital Region has consistently seen gains in its
total annual sales per square foot productivity for its malls
between 2015 and 2017. In 2017, the region’s average was $699 –
compared to $697 in 2016 and $687 in 2015 (ICSC).
• The downtown CF Rideau Centre has seen substantial
improvements including the addition of a La Maison Simons
store in the summer of 2016, as well as a multi-level retail wing
with a striking design.
CANADIAN SHOPPING CENTRE STUDY, 2017 40 © Retail Council of Canada 2017. All rights reserved.CF Rideau Centre has seen
substantial improvements
including a multi-level retail
wing with a striking design.
© Retail Council of Canada 2017. All rights reserved. 41 CANADIAN SHOPPING CENTRE STUDY, 20176g. OTTAWA/CAPITAL , ONTARIO – CANADIAN REGIONAL ANALYSIS
TOP REGIONAL MALLS
CF Rideau Centre, Ottawa St. Laurent Shopping Centre, Ottawa
Mall Manager: Cadillac Fairview Mall Manager: Morguard
Sales Productivity: $987 Sales Productivity: $551
Size (Gross Leasable Area): 1,003,228 sq ft Size (Gross Leasable Area): 886,802 sq ft
Annual Pedestrian Count: 21,000,000 Annual Pedestrian Count: Not reported
Expansion/Renovation Plans? No Expansion/Renovation Plans? Not reported
Parking Spaces: 1,330 Parking Spaces: 4,104
Highway/Transit Access? Major roadway and transit Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft: Anchors over 50,000 sq ft:
Hudson’s Bay 335,000 sq ft Hudson’s Bay 158,314 sq ft
Nordstrom 157,000 sq ft Sears (Closing) 149,141 sq ft
La Maison Simons 103,874 sq ft
Carlingwood Mall, Ottawa
Bayshore Shopping Centre, Nepean
Mall Manager: Cushman & Wakefield
Mall Manager: Ivanhoé Cambridge Sales Productivity: $447
Sales Productivity: $707 Size (Gross Leasable Area): 521,206 sq ft
Size (Gross Leasable Area): 883,641 sq ft Annual Pedestrian Count: 7,500,000
Annual Pedestrian Count: 7,000,000 Expansion/Renovation Plans? N/A
Expansion/Renovation Plans? No Parking Spaces: 2,400
Parking Spaces: 2,200 Highway/Transit Access? Major roadway
Highway/Transit Access? Major roadway Anchors over 50,000 sq ft:
Anchors over 50,000 sq ft: Sears (Closing) 179,319 sq ft
Hudson’s Bay 184,324 sq ft
Winners 58,880 sq ft
CANADIAN SHOPPING CENTRE STUDY, 2017 42 © Retail Council of Canada 2017. All rights reserved.Les Promenades Gatineau, Gatineau Mall Manager: Oxford Properties Sales Productivity: $405 Size (Gross Leasable Area): 830,424 sq ft Annual Pedestrian Count: 9,200,000 Expansion/Renovation Plans? Not reported Parking Spaces: 3,130 Highway/Transit Access? Major roadway Anchors over 50,000 sq ft: Costco 144,316 sq ft Hudson’s Bay 140,363 sq ft La Maison Simons 80,500 sq ft CF Rideau Centre, Ottawa © Retail Council of Canada 2017. All rights reserved. 43 CANADIAN SHOPPING CENTRE STUDY, 2017
CF Carrefour Laval, Laval
6h. MONTRÉAL, QUÉBEC
METROPOLITAN POPULATION: 4,093,800 (Stats Canada, 2016)
POPULATION GROWTH BETWEEN 2015 & 2016: 0.8%
AVERAGE HOUSEHOLD INCOME:* $80,906
SHOPPING MALL RETAIL SPACE PER CAPITA** 16.24 square feet
TOTAL SALES PRODUCTIVITY FOR NON-ANCHOR MALL
TENANTS, 12 MONTHS ENDING AUGUST 2016 (ICSC): $699
RETAIL COUNCIL OF CANADA ANALYSIS
• The Montréal metro area has also seen gains in its total annual sales per
square foot productivity for its malls between 2015 and 2017. In 2017,
the area’s average was $646 – compared to $626 in 2016 and $594 in
2015 (ICSC).
• The region has less retail space per capita than most regions in Canada.
• With less mall space per capita than many parts of Canada, developers
are recognizing the potential to build new retail space. Big-box retail
is popular among developers and some retailers because of its lower
costs and its access to sprawling suburbs.
*Data Source for Household Income: Environics Analytics
**Data Source for Retail Space per Capita: 2017 CSCA Shopping Centre Database, Ryerson University, https://csca.ryerson.ca/
CANADIAN SHOPPING CENTRE STUDY, 2017 44 © Retail Council of Canada 2017. All rights reserved.• Developer Carbonleo is proceeding with the construction
of a mega-mall in Royalmount, located near the centre of
Montréal.
• The region’s malls have lower sales per square foot than
regions such as Vancouver, Edmonton, Calgary, Winnipeg
and Toronto.
© Retail Council of Canada 2017. All rights reserved. 45 CANADIAN SHOPPING CENTRE STUDY, 20176h. MONTRÉAL, QUÉBEC – CANADIAN REGIONAL ANALYSIS
TOP REGIONAL MALLS
6h (i) Downtown Montréal 6h (ii) Leading Montréal Area Malls:
NOTE: Place D’Orleans declined to participate in this study.
CF Carrefour Laval, Laval
Complexe Les Ailes, Montréal Mall Manager: Cadillac Fairview
(downtown) Sales Productivity: $848
Mall Manager: Ivanhoé Cambridge Size (Gross Leasable Area): 1,403,947 sq ft
Sales Productivity: $1,192 Annual Pedestrian Count: 11,000,000
Size (Gross Leasable Area): 200,696 sq ft Expansion/Renovation Plans? No
Annual Pedestrian Count: 10,000,000 Parking Spaces: 8,297
Expansion/Renovation Plans? Yes - redevelopment Highway/Transit Access? Major roadway
Parking Spaces: N/A Anchors over 50,000 sq ft:
Hudson’s Bay 185,588 sq ft
Highway/Transit Access? Transit
Sears (Closing) 150,850 sq ft
Anchors over 50,000 sq ft: None RONA L’entrpot 140,824 sq ft
La Maison Simons 71,744 sq ft
Centre Eaton de Montréal, Montréal
(downtown) CF Fairview Pointe Claire, Pointe-Claire
Mall Manager: Ivanhoé Cambridge Mall Manager: Cadillac Fairview
Sales Productivity: $865 Sales Productivity: $748
Size (Gross Leasable Area): 286,376 sq ft Size (Gross Leasable Area): $1,019,520 sq ft
Annual Pedestrian Count: 24,000,000 Annual Pedestrian Count: 8,000,000
Expansion/Renovation Plans? Yes - redevelopment Expansion/Renovation Plans? Yes
Parking Spaces: 472 Parking Spaces: 5,706
Highway/Transit Access? Transit Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft: None Anchors over 50,000 sq ft:
Sears (Closing) 181,795 sq ft
Hudson’s Bay 164,195 sq ft
Winners 59,638 sq ft
CANADIAN SHOPPING CENTRE STUDY, 2017 46 © Retail Council of Canada 2017. All rights reserved.CF Galeries D’Anjou, Montréal Place Rosemère, Rosemère
Mall Manager: Cadillac Fairview Mall Manager: Morguard
Sales Productivity: $579 Sales Productivity: $490
Size (Gross Leasable Area): 1,212,755 sq ft Size (Gross Leasable Area): 891,671 sq ft
Annual Pedestrian Count: 7,000,000 Annual Pedestrian Count: 8,000,000
Expansion/Renovation Plans? No Expansion/Renovation Plans? N/A
Parking Spaces: 5,295 Parking Spaces: 4,149
Highway/Transit Access? Major roadway Highway/Transit Access? Major roadway
Anchors over 50,000 sq ft: Anchors over 50,000 sq ft:
Hudson’s Bay 190,192 sq ft Sears (Closing) 138,162 sq ft
Sears (Closing) 146,571 sq ft Walmart 133,498 sq ft
La Maison Simons 119,858 sq ft Hudson’s Bay 132,162 sq ft
The Brick 77,881 sq ft
Sports Experts 48,567 sq ft
Place Vertu, Montréal
Mall Manager: Cushman & Wakefield
CF Promenades St. Bruno, St. Bruno
Sales Productivity: $334*
Mall Manager: Cadillac Fairview
Size (Gross Leasable Area): 838,089 sq ft
Sales Productivity: $559
Annual Pedestrian Count: 11,500,000
Size (Gross Leasable Area): 1,016,860 sq ft
Expansion/Renovation Plans? N/A
Annual Pedestrian Count: 7,000,000
Parking Spaces: 4,149
Expansion/Renovation Plans? No
Highway/Transit Access? Major roadway
Parking Spaces: 5,900
Anchors over 50,000 sq ft:
Highway/Transit Access? Major roadway Sears (Closing) 196,448 sq ft
Anchors over 50,000 sq ft: Canadian Tire 105,086 sq ft
Sears (Closing) 134,255 sq ft *Number is from landlord leasing site, not directly from landlord.
Hudson’s Bay 130,622 sq ft
La Maison Simons 65,605 sq ft
© Retail Council of Canada 2017. All rights reserved. 47 CANADIAN SHOPPING CENTRE STUDY, 2017You can also read
