Originally posted by @Joel Owens:
No attack on retail from the internet when you have DESTINATION type tenants.
Doctor office,karate school,restaurants,hair salons, dentist, cell phone stores,etc.
These are places customers are actually going day to day to do business. The places getting crushed are clothing only type stores where people touch and look around but then buy online cheaper.
Those business models for clothes generally do not work unless in very high end areas where people have lots of money to spend. Thrift shoppers that have less income tend to not drive enough sales per sq ft to justify an apparel store to have a retail storefront unless they have ultra low rents.
Fair enough but it is volatile because we're moving to an Internet Age society now. The next app or next new Invention could wipe out a whole niche Of destination offices. Netlfix has wiped out Blockbuster rentals, Uber IS going to whip out taxis. It may not happen soon but it's a matter of time when
