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Commercial real estate is falling in on itself. When you start to notice banks outnumbering actual businesses in your area, it’s already too late. Another thing
by adfm 3y ago
Commercial real estate is falling in on itself. When you start to notice banks outnumbering actual businesses in your area, it’s already too late. Another thing to look for is development around big box stores. If your only option is to drive there, somebody’s trying to offset or unload.
- smcin 3y agoCan you explain the "Another thing to look for is development around big box stores. If your only option is to drive there, somebody’s trying to offset or unload." part? I think there are some stores that make lots of sense colocated beside a Home Depot/CostCo/Best Buy/Walmart/Sam's Club/Target/outlets, and some that don't. But of course walkability/car ownership levels are changing.
- adfm 3y agoIf you have to ask yourself whether it's more convenient to walk or drive across the sea of asphalt to get there, you're missing the point. Are you seriously going to walk from CostCo to Target? How about from Target to Best Buy? Sure, you might be able to grab something to eat at the MOD Pizza, but you're driving to your next destination. Are you starting to get it?