Retail Vacancies

Retail Vacancies | George Grace

Because there’s a fairly high retail property vacancy rate (just walking down the streets of Manhattan, you see many “for rent” signs on stores), I don’t think rental rates for retail property will rise. I believe the fairly low level of demand for retail space can be explained by three factors:

  • People do not have as much disposable income, so they’re not spending as much money.
  • Online alternatives such as Amazon are taking business away from brick and mortar stores.

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