Downtown Windsor BIA aggressively seeking new businesses
Thursday, August 28, 2014
The Windsor Star/Derek Spalding
Empty commercial spaces in the downtown are slowly starting to fill up, according to the latest statistics showing vacancy rates dropped from 23 per cent two years ago to just 11 per cent this year.
That figure could fall even further with the launch of a retail recruitment strategy expected to be announced Thursday by the Downtown Windsor Business Improvement Association. The strategy includes a new BIA website that offers interested companies a one-stop shop for pertinent market research information.
BIA officials and downtown business owners anticipate a great commerce revival in the next two or three years as important tenants like the University of Windsor expand into the downtown. The new foot traffic and financial incentives offered through the recruitment program are expected to attract entrepreneurs and further drive down the slowly shrinking vacancy rate.
“In order to have a thriving downtown you need a great deal of retail and commercial mix and that’s what the downtown is missing right now,” said Debbie Croucher, acting director of the DWBIA.