Despite the economic downtown, retailers are unwilling to surrender underperforming assets. They're hooked on junk real estate.
During a recession, the reduction of underperforming real estate is to be expected. But in the current economic downturn, retailers have been less willing to surrender the very assets that hold them hostage in productivity limbo. It's as if they are hooked on junk. That's junk as in junk real estate.The fact that retail's recession had preceded the national economy by a margin of 18 months would suggest that management has been actively lobbing off the fat accumulated during the past decade. One can only wonder if the cuts are significant enough to restore sector growth. If so, then why after three years are same-store sales so beleaguered? Do they know which is the flotsam and which is the jetsam?...
Thanks to REIS, Inc.
FULL STORY: Junk Space Contagion
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
The Five Most-Changed American Cities
A ranking of population change, home values, and jobs highlights the nation’s most dynamic and most stagnant regions.
Rethinking Computing: Researchers Tackle AI’s Energy Demands
USC researchers are reimagining how AI systems are trained and powered — through smarter algorithms, innovative hardware, and brain-inspired designs — to dramatically reduce computing’s energy footprint.
Amazon-Owned Robotaxis to Begin Testing in LA
Los Angeles will become the sixth city where Zoox is testing its autonomous vehicle technology.
New York MTA Says No More Borrowing, Will Cut Costs Instead
The agency says it won’t take out any new loans to finance its planned improvements and is finding other ways to cut costs.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
New York City School Construction Authority
Village of Glen Ellyn
Central Transportation Planning Staff/Boston Region MPO
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions