I took a walk down Newbury Street this morning and I noticed that there were 15 vacant retail spaces from Arlington to Mass Ave. I counted retail space as; street level, below street level, and parlor level. Does this vacancy rate seem high to you?
The good news was of the 15 vacant retail spaces 6 had Building Permits on the window. I hope is an indication that new tenants will be moving-in.
The other item that I noticed, there’s no shortage of real estate offices on Newbury Street.