If you haven’t read a story - make that ten stories - about the retail apocalypse by now, then possibly you’ve been living under a rock. The “thrashing” of brick-and-mortar retailers by online sellers over the past decade has taken a toll on shopping centers throughout the country, including our home region: retail vacancy in Eastern Massachusetts during that period quickly climbed from the mid-single digits to double digits and has been hovering around the 10% mark for the past few years. However, while the fallout is far from over, there are signs that the worst may be behind us.
To help put the current retail environment into perspective, we used our proprietary GRIID™ retail database to analyze the vacancy patterns of 270 shopping centers in Eastern Massachusetts. . . more