The discussion generated by the Economic Development Commission regarding a one-year moratorium on bank growth is a good one. But here’s a different question that has me puzzled: How do we account for all the empty retail space in our villages? I spoke to the owner of a hair salon in Wellesley last week who has to find a new location because her landlord is taking over her space. She’s looking for space in Newton, Needham, Wellesley, etc. She said the prices in Newton are prohibitive.
How can this be given all the empty space in so many of our villages? Forget for a moment that this is a salon that we’re talking about. How can landlords afford to let their space stay empty for so long?