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One suburban retail center not doing to well is Trader’s Point. Several vacancies and when Dick’s leaves will be a huge void. A grocery store where Marsh was once located is also needed at this location.
Yeah, I don’t live in that area but went by there the other day on my way to Tox Drop and was shocked at the current state of Traders Point. Wonder what the issue is?
The lack of residential population in the immediate area is a problem.
Still experiencing a lot of hesitation in small market due to fear of economy and government upheaval. TRUST is the key word for retailers especially the mom & Pop or smaller operators due to staffing, and supply chain issues. They get to the threshold and back down on commitment to lease due to trust forecast. At least that is our experience in a small niche market.