[Mr. Douglas]

Looks like austerity - and deflation - are still coming, one way or the other.

[victim soul]

We have no children therefore we have no families and thus no new customers.

“A nation that kills its own children is a nation without hope.”
St. John Paul II

[Obadiah]

Read an article the other day stating that in the US we have something like 23 sq. feet of retail space for every person. The next closest country has something like 16 sq. feet of retail space per person, and the stats just dropped after that. The point of the article was that a retail rental crash was coming given the growth of online shopping.

[cicero2k]

The urban hipster, café movement peaked.

Millenials are wondering if they really want to live in a city past age 35.

They are moving to the burbs.

[Attention Surplus Disorder]

The rents at those stores must be just staggering.

[KarlInOhio]

Are those $1000+ prices for one square foot for a year? I haven’t looked at upscale retail space, but the last space I was involved in renting was mixed office/warehouse for around $12/sq. foot per year.

[Trod Upon]

Wall off NYC and imprison New York’s Democrats within.

[thefactor]

Never thought I would see an article by Zero Hedge posted on this site. Those people seriously hate Capitalism. Like, a lot.

[Alberta's Child]

This shows how absurd the whole retail market in NYC has been. Just a few months ago there was an article about the disappearance of Little Italy in Manhattan. Many of the restaurants and retail stores were closing or moving because they couldn't afford the escalating rents.

And now we're hearing that the retail real estate market in NYC is in shambles? Oh ... OK.