Cost of Living·Listen

Why some businesses are shacking up to save money

Barber shops and shoe stores. Cideries and coffee shops. Retailers are saving money by shacking up and splitting the rent — but it's not all sunshine, lollipops and rainbows!

The pros and cons of 'co-retailing'

The owners of the Calgary burger business, Lil' Empire, share retail space with Annex Ale Project at one location and Made By Marcus ice cream at another. (Empire Provisions)

The average price of retail space in Canada has gone up 13 per cent in the last five years. That has some businesses trying an old trick when it comes to saving money — splitting the rent.

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Sharing space with another retailer can cut down costs, but what comes with it?

Danielle Nerman looks at the pros and cons of bunking with another business.

Listen to the segment above  — or download and subscribe to the Cost of Living podcast. 


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