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What gets me is shopping centers. Every one I see if 25% to 50% empty. If I recall, a few years ago you'd once in a while see an empty unit in a shopping cent
by tocomment 16y ago
What gets me is shopping centers. Every one I see if 25% to 50% empty. If I recall, a few years ago you'd once in a while see an empty unit in a shopping center, and usually there was a sign that something was coming soon. (Am I remembering incorrectly?)
It kind of feels like a post apocalypse situation going into some shopping centers?
- tocomment 16y agoBTW my wife rents retail space at a shopping center and even though they have 20% of their units empty, they refuse to lower the price she negotiated five years ago (her lease is up for renewal). She called a few other places and they're also still charging the same prices and don't seem willing to negotiate. What's the deal with that? Shouldn't prices be going way down since there's so much empty space everywhere?
- angstrom 16y agoI think they're hoping inflation will eventually compensate...
- mkr-hn 16y agoThere's a development locally that started before the recession (Barrow Crossing). It finished just as the recession was hitting its stride, and one of the anchors pulled out before it opened. It still only has a few stores, and they're all major chains.