From the Boston Herald
Greater Boston store vacancies have soared to record levels as hard times drive everything from big chains to mom-and-pop shops out of business, new research shows.
Burlington-based KeyPoint Partners estimates Eastern Massachusetts had a record 5,400 vacant storefronts and 15.6 million square feet of unused retail space as of March.
That’s up 24 percent over 12 months – an increase that’s driven the region’s total retail vacancy rate to a record 8.5 percent.
I noticed where I’m located on Charles Street in Beacon Hill, three retail stores closed down in the last 90 days. Two more on Charles street are schedule to go out of business in the next few months.
Read More: Boston Herald Real Estate