Sports Authority is gone, Sears is going and merchants everywhere are terrified by Amazon’s next move. And yet: Palm Beach County’s retail vacancy rate keeps inching lower.
Palm Beach County retail space was 89.4 percent full as of mid-2017, up from 89.1 percent in mid-2016, according to commercial real estate brokerage Avison Young.
In one of the great disconnects of the post-Amazon economy, retailers are being decimated but retail landlords are performing well. Despite store closings by Sports Authority, Macy’s and JCPenney, other retailers keeping jumping in to fill space vacated by failing merchants.