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Retail Vacancy

Wednesday, February 1, 2012

Low Retail Vacancy Has Downtown Brighton Thriving

The Downtown Development Authority estimates the vacancy rate to be between 3 to 5 percent.

For the first time in several years, people can walk down Main Street and see businesses in just about every storefront. Matt Modrack, Brighton Downtown Development Authority (DDA) and Community Development director said that since he began tenure in 2005, downtown Brighton has never been this full. Modrack said the DDA estimates a vacancy rate between 3 and 5 percent, which is basically full. "Two years ago, there were 17 vacancies on Main Street between Grand River Ave. and the railroad tracks," Modrack said. "We're down to one, I believe. And there's activity in the space that's open." Modrack said the success of the downtown area is due in part to the private and public improvements being made as well as the area becoming a dining …

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