Contact Us
Make My Homepage

New stores filling retail vacancies in north and central Jersey

Princeton Record Exchange is at 20 South Tulane Street in Princeton (Courtesy of Jon Lambert)
Princeton Record Exchange is at 20 South Tulane Street in Princeton (Courtesy of Jon Lambert)

The number of vacant retail stores in north and central Jersey went down last summer, according to a new survey by the Paramus-based Goldstein Group. They say it shows that so-called “bricks and mortar” retailing is not dead.

Goldstein Group President Chuck Lanyard says store vacancy rates declined 1 percent last summer. Of the 102.8-million square feet of retail space along highways, their report found 6.8 million square feet of empty space.

The Goldstein report did not include mall store vacancies. According to Lanyard, “it basically is not accessible. Mall owners have always dealt with their own retailers directly. They do not use the brokerage community; we do not have any involvement as far as placing tenants in the malls.”

Although that 1 percent drop in retail store vacancies may not seem like much to the casual observer, Lanyard points out that “retail is going through an interesting metamorphosis.”

The survey showed gym and exercise chains and urgent care operations are moving in, as well as new and different entertainment outlets.

“The stories about retail being dead are grossly exaggerated. It is just that retail is reinventing itself. We are seeing it in so many different ways.”

And he says it is all happening rather quickly.

Joe Cutter is the afternoon news anchor on New Jersey 101.5

Also on New Jersey 101.5:

Subscribe to New Jersey 101.5 FM on

 

Sign up for the NJ1015.com Newsletter

Get the best of NJ1015.com delivered to your inbox every day.

Best of NJ101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.