Decatur Notes Retail Vacancies Are At Just 5%, Even After Recent Closings of Local Favs
Decatur Metro | March 7, 2017 | 12:34 pmMany local residents felt the one-two sting after the recent closing of local favorite Yogurt Tap and popular chain Cook’s Warehouse/Sherlock’s Wine Merchant in the last few months.
But the city reminds us that while the short term loss is real, the longer-term trends remain quite strong. The recent Decatur Focus notes that “The downtown Decatur commercial retail vacancy rate is around 5 percent, which is significantly lower than the national average of 11.3 percent. In 2016, the City of Decatur had a net gain of businesses and employees. The handful of key storefronts that are currently vacant will most likely not be vacant for long.”
In fact, there’s already a new occupant in the old Yogurt Tap space. And while that Cook’s Warehouse space looks a bit like a sad, empty concrete gymnasium at the moment, we’re interested to see what will fill in that massive, unique space.
What retail gaps would you like to see filled in Decatur this year?