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Many companies have embraced remote work, which has meant weak demand for office space and declining values for those properties. Empty office buildings may meet the same fate as zombie shopping malls
CHERRY HILL - The planning board has approved a proposal to demolish a long-vacant building on Route 70 and erect a retail facility in its place. The empty building, on the eastbound highway near ...
Before air conditioning, buildings had a lot of windows that opened up, said Bordwin, adding that the leaseable square footage per floor for buildings of that era can be 5,000 to 15,000 square feet.
The Beacon Journal’s tally of 1,008,557 square feet of empty office space doesn’t include the two tallest skyscrapers in downtown Akron: the 28-story, 325,792-square-foot Huntington Tower ...
Much of the retail space remained empty, with over 99% of the stores still vacant in 2008. [1] [9] The only occupied areas were near the entrance where several Western fast food chains are located and a parking structure re-purposed as a kart racing track. [10] A planned Shangri-La Hotel was not completed.
Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings (e.g. convenience stores, 'big box' stores, and shopping malls). In urban locations, a commercial building may combine functions, such as offices on levels 2–10, with retail on floor 1. When space allocated ...
The Vonage building saw about a 26% decrease in value from when it was sold in 2005 for $23.75 million to when it was sold in 2023 for $17.5 million. In order to make the office structure viable ...
One of the retail spaces in the building is an Amazon 4-star store that sells items rated four stars or higher. It opened in August 2019. [ 7 ] A food hall operated by San Francisco-based China Live was announced to occupy 13,000 square feet (1,200 m 2 ) of the building's retail space in February 2020, but was later delayed and ultimately ...
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