Unique uses for vacant space.
Jan 1, 1999   Chain Store Age SiteTalk   Michael Fickes

Desperate economic times produce hardship, but they also give rein to creative and innovative thinkers. The Great Depression of the 1930s produced a host of ideas that formed the foundations of today’s retail and retail shopping center industries.

“Now’s the time to look for ideas that will catch on,” Spence Mehl, senior VP of New York City-based RCS Real Estate Advisors, told SiteTalk. “Rents get cheaper as landlords need to fill vacant space and drive traffic. Low rents will attract people with ideas and very little money.”

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