Monday, March 1, 2010

City's Retail Vacancy Rate the Lowest in Greater Portland

AJ:

[A] recent study showed that Westbrook's vacancy rate for large retail spaces,
at 3 percent, is remarkably lower than that of its neighbors. With the larger
lots filled, city officials are hoping that new businesses looking to locate in
Westbrook will start filling in the empty spaces on Main Street. Around the
middle of the last decade, downtown started to look like it was making a
comeback. The Dana Warp Mill had drawn an array of businesses and the new
Disability RMS office building brought an onslaught of workers--and their lunch
money--onto Main Street.

- John C.L. Morgan

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