Loading…
12
Walked through an old strip mall in Portland yesterday and noticed something weird
I was checking out a spot in the Sellwood neighborhood for a possible lease and saw three empty storefronts in a row. But the gas station and the laundromat on either end were packed. Makes me wonder if landlords are pricing smaller shops out of these older centers or if people just don't go inside anymore. Has anyone else seen this pattern where the anchor tenants draw all the foot traffic but the in line spaces sit empty?
2 comments
Log in to join the discussion
Log In2 Comments
ramirez.caleb2mo ago
Nah that's not quite right actually - Sellwood's more inner SE than Portland proper. But your point still stands, saw the same thing in a strip mall near Beaverton where the Fred Meyer was slammed but the little shops between were all dark. Landlords gotta stop thinking every space is worth top dollar just cause the anchor's doing numbers.
6
cora_perez2mo ago
Hmm, I see what you mean about landlords overpricing, but honestly the anchor store's traffic does matter... it's just gotta be a realistic spillover, not automatic.
4