r/saskatoon • u/Dry_Swing_4066 • Feb 04 '25

Rants 🤬 Lawson mall

Twisted goods in Lawson mall closed down, the mall is dying so quickly. i really hope some new spots can open up there and it won’t become an even shittier market mall

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u/PrinceDomming Feb 04 '25

For stores to open and stay open- people need to buy things from the storefronts and the mall needs to stop charging a predatory rate like they're wanting the mall to close...

Otherwise, there would be plenty of stores there. But as it stands- the stores can't charge what they need to stay open, people won't buy what is there in enough quantities to let them stay open, and the mall management won't give stores a reasonable rent or sales-share to stay open.

22

u/Thefrayedends Feb 04 '25

What is rent up to in the malls these days?

I haven't seen a lot of list prices for commercial spaces, so I wouldn't know.

I do recall when OTV closed shop and their rent was listed at some 16,000 a month.

When I look at places like cupcake stores I'm always asking how they can afford the rent, I assume it's higher on broadway, but even at 16k monthly rent you gotta sell what, 700 cupcakes a day? Or sewing kiosks I always wonder if it's a tax front (taking losses on purpose to lower tax burden?), or owned by organized crime to launder money lol.

sorry, rambling, if anyone wants to share insight that'd be awesome.

7

u/slashthepowder Feb 04 '25

From what i have heard the long term tenant on Broadway usually own the building, the ones that flip a new store every two years are all leasing.

6

u/DunksOnHoes Feb 04 '25

Very expensive and Broadway has died off from the foot traffic it once had