We already had the national closings of CompUSA, Circuit City, and Linens & Things and various local closings across the country of Walmart and Target as they went to "Super" stores or new locations.
That has created a massive amount of available big box retail space across the country. It may never be totally absorbed.
Now, in South Florida, we are adding some 1.5 million square feet of big box inventory to the market and decimating small strip shopping centers.
Winn-Dixie has announced the closing of 30 stores in South Florida. You can't fault the company for doing what it needs to remain profitable, but the trickle down effect is remarkable.
Adding so much available space to a market that is already oversupplied with big box space. Additional unemployment. Loss of anchor stores in the strip centers which could cause a rippling of other business failures, lease cancellations, or non-renewals. Without the traffic in these centers produced by the anchors (that's why they're called anchors), it may be very difficult for the marginal businesses to remain.
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