Retail Space

Sunday I took a drive from Oklahoma Ave to the Mayfair Mall down Highway  100.  

I am very happy that I am not invested in retail space.  

Not long ago I listened to a gentleman who had written a piece for "The Economist ".  It is one of those papers that is not know as a liberal leaning publication.  I would say maybe even with the pre Fox days of the Wall Street Journal.  He was saying that the United States had double the amount of retail space that could be supported for the long term.  At the time I was thinking maybe he was a little out their.  But I am not sure any more.

You can start at the corner of 100 & Oklahoma.  Open space their and as you travel you will see almost every one of the strip malls with open space and two of them that have no tenants at all.

Consider the fact that Southridge has for years been trying to fill that mall.  

Recently a hold was put on the construction of the Pabst Farm Mall.  I do believe that was good news.  At the same time some investors have talked about taking the old Delphi plant in Oak Creek and turning that into retail space.  That is the bad news.

To switch direction here maybe that Delphi plant could be turned into the new Post Office instead of the proposed location on College.  Existing easy road access and I am thinking that it could be done without taring down the old building.  Thus saving construction material.

I do believe that the "NEW AMERICAN DREAM" that is being talked about maybe be a throw back and that as we age we are not going to want to drive 20 miles to get our bread and butter and that small retail space in our own neighborhoods is going to be the prime retail sapce