As you would expect there is considerable coverage of Borders expected liquidation in cities across the country that face losing local bookstores as a result. The Detroit News estimated the four-county region will lose approximately 750 jobs as a result, between the booksellers’ Ann Arbor headquarters and their 18 stores in the area. While the prospects are considered good for many of Borders’ leases, reletting that many spaces in the troubled Detroit area is seen as posing “challenges” for landlords. The paper adds that “Borders’ closings are estimated to increase the collective nationwide vacancy rate of shopping centers that contained […]
