Topic: How can retail not open for so long in DC?
How can retail not open for so long in DC?
Honest question here — how can retail stay “about to open” for so long? For instance, Rito Loco has been “about to open” for months, and shows no sign of making their target of opening in January (which was mentioned on PoPville last year). Calabash Tea has been about to open for even longer, and shows no sign of opening. I remember in Columbia Heights when Z-Burger was “opening soon” for like 2 years (and I was shocked it actually did open).
How can retail places stay closed for so long before opening? Why do so many retail places have such difficulty? Do they have to pay rent all that time; and if so, how can they afford it without any sales? The residential property market is so tight, how can the retail market be so slack?
Anybody understand this?