Author Topic: Empty store fronts  (Read 24996 times)

Offline dssjh

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Re: Empty store fronts
« Reply #165 on: August 09, 2019, 08:21:22 PM »
This got me thinking about that empty store next to Starbucks. I believe it used to be a hairdresser salon called Ingrid's...
That's a prime location...but has been empty for years now.

I heard that a medical office currently located above the Starbucks is going to move to that corner Ingrid's space. But yeah, if that's the case, it's taking forever to happen.

doesn't a fully windowed, no-privacy space seem like a bad place to put a medical office?

Offline JHMNY

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Re: Empty store fronts
« Reply #166 on: August 09, 2019, 08:36:25 PM »
doesn't a fully windowed, no-privacy space seem like a bad place to put a medical office?

Lol. I agree, but I’ve been hearing the medical office thing for a while now. Maybe they realized it wouldn’t work out after all.

Offline Simka

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Re: Empty store fronts
« Reply #167 on: September 29, 2019, 01:22:56 PM »
Jackson Heights is mentioned in a NY1 piece on empty commercial spaces.

https://www.ny1.com/nyc/queens/news/2019/09/26/rise-in-vacant-storefronts-attributed-to-skyrocketing-rent

Offline r

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Re: Empty store fronts
« Reply #168 on: September 29, 2019, 02:41:24 PM »
Jackson Heights is mentioned in a NY1 piece on empty commercial spaces.

https://www.ny1.com/nyc/queens/news/2019/09/26/rise-in-vacant-storefronts-attributed-to-skyrocketing-rent

That report seems... very wrong. It says that Jackson Heights has some of the highest vacancy rates in NYC, but earlier reports said that Jackson Heights has some of the lowest vacancy rates in NYC

e.g. https://jacksonheightspost.com/jackson-heights-has-the-healthiest-retail-among-24-nyc-neighborhoods-report

e.g. https://www.washingtonpost.com/business/on-small-business/empty-storefronts-jolt-nyc-council-into-action-on-small-business/2019/08/12/5ebabaa8-bd21-11e9-a8b0-7ed8a0d5dc5d_story.html

And just from walking around Jackson Heights, the vacancy rate does seem very low here compared to walking around Manhattan.

Offline r

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Re: Empty store fronts
« Reply #169 on: September 29, 2019, 02:50:01 PM »

Offline buzz

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Re: Empty store fronts
« Reply #170 on: October 14, 2019, 12:20:39 PM »
There was a sign of construction over one of the empty stores.  All Chinese. Beijing is taking over.

Offline Shelby2

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Re: Empty store fronts
« Reply #171 on: November 28, 2019, 09:45:52 AM »
I was surprised to see the large Duane Reade on the corner of Steinway and Broadway in Astoria completely gone. Not sure if there's anything slated to come into that space or if it will remain empty while they look for a new tenant.


Offline dssjh

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Re: Empty store fronts
« Reply #172 on: November 28, 2019, 12:46:33 PM »
there's another one at 35th and broadway (four short blocks) and one at 28th and Steinway. maybe the chain finally realized they don't need that much saturation.

steinway is a ghost town, for what it's worth. even bank buildings are empty.

Offline Ms. Jackson

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Re: Empty store fronts
« Reply #173 on: November 29, 2019, 08:11:40 AM »
Walgreens is closing a bunch of Duane Reades throughout the City. As DSSJH mentions the number of stores only a couple blocks away in either direction, it is obvious why that one was chosen. I wonder if any in our neighborhood are under consideration.

https://gothamist.com/news/duane-reade-nyc-closing

I was surprised to see the large Duane Reade on the corner of Steinway and Broadway in Astoria completely gone. Not sure if there's anything slated to come into that space or if it will remain empty while they look for a new tenant.



Offline abcdefghijk

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Re: Empty store fronts
« Reply #174 on: November 29, 2019, 09:35:31 AM »
Eventually, once 50% of storefronts are empty, the rents for commercial storefronts will be forced to decrease.

Supply and demand.

So perhaps in the future we may have far more interesting stores. As the cost of rent for stores plummets, folks can take more risks.

Could all be positive. But there'll be up to 5 years of empty storefronts to endure around us first...before the commercial store rent market collapses.
« Last Edit: November 29, 2019, 09:41:24 AM by abcdefghijk »

Offline dssjh

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Re: Empty store fronts
« Reply #175 on: November 29, 2019, 11:05:41 AM »
i admire that optimism. and while i don't see commercial landlords agreeing to lower rents as long as they get tax breaks for keeping storefronts empty, i hope you're right.

Offline dssjh

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Re: Empty store fronts
« Reply #176 on: December 01, 2019, 08:22:38 AM »
not off topic, but out of area....even McDonald's is getting squeezed out of the market.
A Brooklyn McDonald’s isn’t lovin’ a massive rent increase proposed by a new landlord.

The golden arches outpost on Atlantic Avenue in Prospect Heights, which recently underwent extensive renovations and extended its lease through 2039, claims Vanderbilt Atlantic Holdings LLC — eager to get the eatery out so it can build “lucrative, high-density” housing — is turning the screws.

The McD’s, just down the street from Barclays Center, says Vanderbilt is trying to up the rent 545%, from about $14,000 a month to nearly $90,000. The ubiquitous fast-food chain is suing Vanderbilt in Brooklyn federal court for “attempting to corrupt a contractually required fair-market rental-valuation process.”

for the entire article, click link (no paywall)


https://nypost.com/2019/11/30/landlord-hits-brooklyn-mcdonalds-with-super-sized-rent-increase/

Offline jo3boxer

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Re: Empty store fronts
« Reply #177 on: December 01, 2019, 10:03:31 AM »
the mcdonald's in flushing, that has been there as long as I can remember, also closed abruptly. one day we went by and it was there, and shortly after it looked as if it had been gone for ages.

i guess the same thing happened with the one on roosevelt where laly's now is.

Offline hfm

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Re: Empty store fronts
« Reply #178 on: December 02, 2019, 11:47:28 PM »
the mcdonald's in flushing, that has been there as long as I can remember, also closed abruptly. one day we went by and it was there, and shortly after it looked as if it had been gone for ages.

i guess the same thing happened with the one on roosevelt where laly's now is.

Laly's is a significant upgrade though.

Jackson Heights Life

Re: Empty store fronts
« Reply #178 on: December 02, 2019, 11:47:28 PM »