All the Toys R Us stores are now closed, leaving approximately 28.6 million square feet of retail space vacant - and accounting for 21 percent of all store closures in the US so far this year. The companies leasing the vacant space left behind include Big Lots, Hobby Lobby, Burlington Coat Factory, and TJ Maxx, as well as some non-retailers, like medical facilities and coworking spaces. If you have an indie toy store in your downtown or neighborhood, this could be a great time for it to expand its market share.
The Community Land Use and Economics Group is a small, specialized, consulting firm that helps community leaders create vibrant downtowns and neighborhood commercial centers. Our work focuses on developing forward-looking economic transformation strategies, with particular emphasis on cultivating locally owned businesses, removing regulatory and financial barriers, creating effective incentives to stimulate new investment, reusing older and historic commercial buildings, and outlining practical implementation plans. Our clients include local and state governments, nonprofit organizations, business improvement districts, developers, and planning firms in the US and abroad.