Starbucks Opens at Kingston Road and Main Street – Episode #64
Starbucks has made its way to Kingston Road and Main Street. The “Impact of Starbucks” has become a popular term used over the years and here are some examples:
We are all aware that Starbucks opened up at Queen and Logan about 6 years ago and that area has experienced positive transition and an increase in real estate values since then. In 2006, the average price in Leslieville/Riverdale was $347,000 and in 2011, the average price was $545,000. That is a 57% increase! Obviously this is not all because of Starbucks, but Starbucks sure knows how to choose their locations well. They have a massive research team that does their homework and ensures that they will not fail.
Last year Starbucks opened up at Gerrard and Jones (which I filmed in Episode #3) and we have already seen some positive transition in that area.
Now Starbucks has made the move to Kingston Road and Main Street. Could the “Impact of Starbucks” be felt here too? Economic Fundamentals play an important role here as well. There is a GO Train Station (GO Danforth) up the street that takes you to Downtown Toronto and there is also a public Street Car that does the same.