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As chain stores fail, mall vacancies rise, local business owners score rare real estate offers
['Kevin Williams']
US Top News and Analysis
Blair's experience is not uncommon, according to Teresha Aird, co-founder and chief marketing officer of real estate brokerage Offices.net.
"So when a national chain leaves a space, it isn't just a gap, it's a canvas for a small, local business to create something lasting."
"That kind of access wasn't on the table for startups and small businesses three years ago in most metro areas.
However, these are increasingly rare, and if no credit tenants can be scored, smaller businesses have a chance to move in with more favorable terms.
The marketplace in and about New York City, for example, is "absolutely counter" to the idea that smaller businesses can gain better deals.