Retail Tenants Flocking to Mass. Centers
Massachusetts is leading the pack nationally in attracting retail businesses to fill large vacant spaces left by big-box chains such as Circuit City, Linens 'N Things, and CompUSA. The uptick is fueling optimism that the state's economic recovery is gaining momentum.
Retail tenants have signed leases for more than half of the approximately 2 million square feet abandoned by struggling and bankrupt chains, according to data from local commercial real estate brokers.