
Industrial Developers Hit the Brakes as Vacancies Rise
After a scramble for far-flung sites suitable for massive distribution centers, developers are adopting a defensive strategy as many of the latest generation of projects sit vacant.
After a scramble for far-flung sites suitable for massive distribution centers, developers are adopting a defensive strategy as many of the latest generation of projects sit vacant.
Taunton’s 29-year-old Silver City Galleria will be demolished within weeks as the owners look beyond traditional enclosed retail space for the future of the 101-acre property.
Only two years ago, it seemed unthinkable that up to 25 percent of the nation’s shopping malls might close by 2022. Now, as large retailers close outlets en masse, landlords are looking for new uses for old spaces.