RECOVERY BUMMER (CONT’D): With Borders’ Collapse, What Will Happen To The Real Estate?

As for the 10 million square feet of empty retail space, Davidowitz predicts the big multi-level stores will likely lay vacant for some time, which will put pressure on small developers and community banks in those areas. Most of the smaller Borders’ stores will be gobbled up by retailers that are currently thriving, like Bed Bath and Beyond (BBBY), he says.

Reminds me of this iconic photograph from the early Obama Presidency: