- Nov 3, 2015
- Reaction score
You really sort of could add ground level retail at that rate, as long as suburban style retail keeps dying out like it is.Retail in Boston is in a c o n t r a c t i o n. You can't add retail to every/every other 4-5 story thing popping up. It's not possible + ain't going to happen.
And it's a good thing; be happy. i'm happy retail isn't in near collapse to the point where it's openly called a crisis. Yet, the business environment is already creating hardships that have put business owners, and the quality of life and consumer choices at grave risk in this City.
Thing is, I noticed right before the last recession lots of restaurants and shops closing not due to financial issues, but the owners just feeling it was a good time to cash in and retire. I've been noticing the same thing lately. Good chance a recession is on the horizon and these small business owners seem to have a sixth sense about this.
So retail might not be a real winner in a year or two no matter what, but right now ground floor retail in mixed use development is killing malls and strip malls.