Empty storefronts become a bit more prominent in Lawrence, new report shows; vacancy rate hits recent high

By Chad Lawhorn - Reporter, Lawrence Journal-World

January 19, 2018

 

With all this talk of a federal government shutdown, the natural question is whether it would include presidential cellphone service? I don’t have insight into that, but this is the time of year that Lawrence leaders look at another type of shutdown: how many businesses have closed and how many empty storefronts are left as a result. The short answer is vacancy rates were up a bit in 2017.

The Lawrence branch of the commercial real estate firm Colliers International puts together a report on vacancy rates of retail, office and industrial space throughout Lawrence. The retail vacancy rate frequently is a topic of conversation in some political circles, as Lawrence is never very far away from a debate on whether new retail projects should be allowed to locate in town.

 

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