Movie theaters, fitness studios and beauty salons continue to struggle, while drugstores, pet supply stores and supermarkets are keeping up with rent payments.
Some buyers that want to keep properties affordable are hoping to snap up assets that otherwise might be converted to market rate units if they fall into other investors' hands.
“We often run the same play over and over again in terms of D&I and expect to get a different result,” says Jason Golub.
The spaces operate on a platform similar to co-working, with month-to-month membership agreements instead of leases.