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This has been very much the case in UK high streets for the past few years (on and off since '08). In the county-town where I grew up a Starbucks (!?!) closed b
by fyfy18 6y ago
This has been very much the case in UK high streets for the past few years (on and off since '08). In the county-town where I grew up a Starbucks (!?!) closed because the rents were too high. Even before the pandemic, a number of shops have closed down in the last year, so it will be interesting to see what's left 6 months post lockdown.
The only businesses in that town that have been booming are retirement homes... but after this I assume there will be a lot of empty properties.
- bobthepanda 6y agoAt least in NY, rising retail vacancies were partially obscured by bank branches spreading like wildfire. The retail market is not particularly healthy if the landlords' only tenants are the people they're paying off the mortgage to.