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flag Spirit Halloween leases former Hudson’s Bay stores, easing vacancies and rent losses for Canadian landlords.

flag The closure of Hudson’s Bay’s 25 stores has left Canadian landlords with large vacant retail spaces, but Spirit Halloween is helping by leasing former department store locations for the Halloween season, providing immediate rent and foot traffic. flag While short-term leases ease financial strain, filling spaces over 15,000 square feet remains difficult, with limited demand for large units and high redevelopment costs. flag Some properties are being repurposed, but many remain empty, costing landlords millions. flag Despite challenges, strong demand and limited new supply suggest vacancies will shrink quickly, making prime retail space increasingly scarce.

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