Jouhou
Active Member
- Joined
- Nov 3, 2015
- Messages
- 674
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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.
You really sort of could add ground level retail at that rate, as long as suburban style retail keeps dying out like it is.
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.