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by bluedino 2607 days ago
>> If they shutdown and bow out won’t newer, useful businesses pop up in their place?

No. We have Kmart's our town that have been empty for nearly 15 years. With the way commercial properties are taxed, the ownesr just let them sit vacant

1 comments

Kmart is a small mom+pop store now?
In this specific example it doesn't matter if it's Kmart or a one off mom and pop store. You can look at NYC to see how empty store fronts are given preference over renting to new non-giant brands. Landlords have figured out it's better to just let a storefront sit empty for years rather than rent to anyone that isn't an already giant/established brand.