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Originally Posted by vas930
Yes, but its less up and down....
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I agree, but retail is not moving here. Commercial properties leasing office space would be better off. There are way too many boutique stores around and not enough customers. I noticed a lot of "party" stores. in strip malls. Always selling balloons, some flowers and other party stuff. Almost all of those storefronts are now vacant. Same goes for a lot of the small clothing stores. Most people are still not buying that stuff and will settle for Macy's or other big shopping centers. Similar clothes at a fraction of the cost.
Property owners that own strip malls are not doing so well. Half the property vacant and like you said, there is still maintenance.
A building that rents to lawyers, doctors, accountants would be a better investment at this time.