Big box stores seem to be closing left and right. As an investor, there are many things that can be done with such a considerable amount of space, but renting out or repurposing a large property like this can seem like a daunting task if you're not sure what types of businesses to market the space to. There are always temporary solutions, like renting out the space to a seasonal business, but that's just the tip of the iceberg, when it comes to what's possible.
So what are some good options for reusing the space? Here is what Forbes Real Estate Council members have to say:
1. Try Out Short-Term Options
2. Utilize As A Storage Facility
3. Repurpose As Startup Incubators
4. Divide Up The Space
5. Use For Niche Food Courts
The food business is actually being helped rather than harmed by new technologies, unlike big box stores. The internet and social media have helped bring exposure to more food businesses as well as created an ever-growing foodie culture and community. Many food courts have seen a lot of success as they've enabled entrepreneurs to start up with less capital than a traditional brick and mortar. - Catherine Kuo, Elite Homes | Christie's International Real Estate