Wednesday, January 6, 2010
Today on public radio's Marketplace, a story about how the recession has shown that strip mall space has been way overbuilt. No suprise. The story predicts no new strip malls will be in the Sunbelt for years. No problem. The downside, though, is that strip malls are struggling because local businesses are struggling. ("Regional" malls are anchored by chains that don't rely on just one location to stay afloat.) The decline of locally-owned business is a trend I hope will be reversed sometime soon. Maybe they'll be helped by cheaper rents for commercial space.
Jamie Baker Roskie