Many Retail Stores Closing! What Happens Next?

[Derek Persuit]

We're beginning to hear from all over that retail stores are closing and at a very high rate. Amazon and online shopping alike has made it convenient and easy for us to do a one stop shop for things from groceries to shoes then golf clubs, a book and furniture in less than 15 minutes without walking or driving anywhere. Due to this change in retail we have seen large stores begin to close.

First and most notably we saw Blockbuster video a few years ago. Now it has moved onto department and stores like JC Penny, Payless, RadioShack, and much more.

Because of this there is a great number of commercial property without occupants. There will be more casualties along the way as the move toward online sales continues.

My question to everyone is, 'what will happen to these properties?' Surely it will be hard for businesses coming into these properties to keep up with the rate of companies pulling out.

What are your thoughts on what happens to these properties and their owners?

If you had a commercial property like this or do, what would your strategy be from here on out?

Any and all thoughts on the subject are welcome and encouraged!!