Though saying "more than half of retail space on King Street East between Yonge and River is vacant" is clearly an exaggeration, it is true there is a lot of vacant retail. There are clearly general explanations for this as the retail and restaurant business everywhere has been massively disrupted by covid. However, there are also local 'reasons". Quite a bit of the vacant retail is new (e.g. 65 King): it takes time to attract good tenants and, in my opinion, better to wait for a suitable tenant than grab at anything that shows up - we really do not need more pot shops or nail bars or dentist offices (yes, 158 Front, I am talking about you!). In other cases the building is about to be redeveloped (e.g. the block between Princess & Ontario) so existing tenants are moving out and new ones are not prepared to sign short leases even if offered. In other cases the block is being assessed for development (e,g. the block on south side of King from Jarvis to George), again. Leases may not be available and if they are they may not be attractive as the term will be short.