Thursday, July 16, 2015

Empty Retail Space

Going to be interesting to see what will happen to all of the existing empty retail space in the area surrounding the Evolve/Carbondale Flats complex. A good half of the storefronts located just north of the building are empty. If businesspeople had high expectations for those locations, I would expect to see someone renting them now in order to get ready to take advantage of the influx of students coming in next door. Instead, nothing.

One problem I have heard is that the landlords ask for higher rents than the space justifies and would rather leave it sit empty than fill it with a tenant that pays less than what they perceive as market rate.

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