Lots of Stores For Rent on Flatbush
While occupancy rates at the Fulton Mall looked very high when we rode through a month ago, the same cannot be said of the strip of Flatbush Avenue that forms the border of Prospect Heights and Park Slope. More specifically, we counted nine empty storefronts on the three blocks between Dean Street and Prospect Place….
While occupancy rates at the Fulton Mall looked very high when we rode through a month ago, the same cannot be said of the strip of Flatbush Avenue that forms the border of Prospect Heights and Park Slope. More specifically, we counted nine empty storefronts on the three blocks between Dean Street and Prospect Place. Nine.
Fulton Mall Appears To Be Bucking Retail Downturn [Brownstoner]
See, Rob? You and I do occasionally agree 🙂
Dave, I get a manicure once every five years, just to remind myself how weird it is. Usually glitter.
BTW, looks like another bar is going up next to Olivino. I guess it’s probably too much to ask that they not serve crudite and tapas, huh?
Yes Heather the ONLY thing that impacts on the success of a retail strip is the rent –
-it is irrelevant what products the retailers are selling
– it is irrelevant the hours & service the retailers provide
-it is irrelevant what the markup the retailers are demanding
-it is irrelevant the acumen, efficiency and productivity exhibited by retailers and their employees
-it is irrelevant how the retailers look and how they merchandise themselves and their products
-it is irrelevant that demographics, incomes and the economy may affect shoppers
The ONLY thing that matters is the RENT!
You are a genius!
quote:
I still find it curious that nail salons and bodegas are offensive to so many brownstone readers, and yet a wine bar every three blocks is a sign of “progress.”
QOTD!!!!!! SO true.
*rob*
Heather…do you get the glitter or the stars on your nails? 🙂
And yet, better to have the nail salons and clothing stores than the vacant lots and storefronts we have in Clinton Hill on Fulton. Maybe with the construction done…
Ugh. Okay, look. Not everyone wants to open a small business that sells goat cheese and bells made by Tibetan monks. When you see a viable retail district, it usually means one very simple thing: the rents in that district are in line with what it takes to make a profitable business. Customers are coming.
I still find it curious that nail salons and bodegas are offensive to so many brownstone readers, and yet a wine bar every three blocks is a sign of “progress.”
gemini…yes, they are good value and necessary but there are at least 6 or 8 of them along that stretch, all of varying sizes, some quite poorly stocked.
quote:
I’m always amazed at the stretch of Fulton Ave between Nostrand and Lewis in Bed Stuy….how many nail salons, hair braiding, 99 cent stores and low end clothing places are necessary in that short strip???
— well IM always amazed at the stretch of 5th and 7th avenues in park slope… how many overpriced fro-yo shops, designer boutiques, organic fauxdegas, and high end children’s boutiques are necessary in that short strip???
*rob*
and in the yuppie enclaves, walk Court going South from Atlantic to Union, cut down to Smith and walk North back to Atlantic. I bet there’s at LEAST 50 vacancies.