Been seeing quite a lot of that for some time where we are.
Business rates and property prices getting hiked up in the "popular" districts driving local business to the wall or out to elsewhere to be replaced by generic, high-street brands. People can't afford to live there so they move out to the districts, leaving offices unlet. Then the centres rot from the inside out. Parking is expensive/scarce so people go to the out-of-town malls to shop.
This latest trend has just accelerated that. Louis Rossman has been talking about a lot of this on YouTube on some of his more recent videos in NYC. The kinds of business rental rates is unrealistic considering the current business climate there.
Biting the hand that feeds IT
