It turns out that during this "retail apocalypse," there are more and more stores closing up shop, leading to plenty of vacancies. Mirador broker Tim Serignese recently discussed the troubling impact of this, and the negative affects of living above one of these spaces.
This influx of vacancies can harm the economic landscape of a neighborhood, cause neglect leading to safety issues, and much more. Now buildings are in need of tenants, and new tenants bring new concerns.
Tim tells Brick Underground, "[Tenants] can say 'we don’t intent to put in a restaurant', but there’s a possibility they will."
Read the full Brick Underground article and learn more here.
