Hudson's Bay Retail Closings
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retail spaceCityNews
•Business
Business & Economics
What happens to the massive empty spaces left behind when Hudson's Bay closes its doors?
70% Informative
Hudson’s Bay is closing all but six of its stores in Canada .
Liquidation sales begin the process of emptying hundreds of thousands of square feet of retail space.
Retail analyst Bruce Winder says it's unlikely a single tenant will be able to take over a Bay store's square footage, no matter where it's located.
Retail space will get absorbed, says landlord Bassi .
He foresees unconventional tenants moving in to fill the void created by The Bay’s exit .
“In some cases you might see some type of car dealership. You might see pickleball courts, you might.
see additional service providers they might take the space and turn it into condominiums too.
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