4 ms·
> the US is way, way overbuilt with retail. Holy mother THIS. Post 2008, every city I've lived in or have visited you see gutted strip malls everywhere. Areas
by at-fates-hands 9y ago
> the US is way, way overbuilt with retail.
Holy mother THIS.
Post 2008, every city I've lived in or have visited you see gutted strip malls everywhere. Areas that were awash in stores during the last decade of economic boom are now ghost towns or worse since a lot of them were built up to support all the new housing developments. It's a double hit when these developments go bust and then the surrounding retailers go under with them.
Two years ago I was pondering opening up a skatepark and I couldn't believe how much commercial real estate was available. The owners were desperate to get a client into their buildings, it was unreal.