The short of it is YES.
We have been seeing more and more stores close, If you walk the streets you can count at least 5-8 spaces in a few blocks walk either on Court St, Smith St, as well as Montague St. AVAILABLE is plastered everywhere – 5th Ave/7th Ave
Vacancy a dirty word for a landlord ..
So, what’s happening you might ask ? The rents have escalated to a level that is and was not sustainable.
The one thing you must know is your business’s mathematical formula —which never lies !
How hard is it to realize that at 12k a month that would be a ton of hamburgers …how can you sustain those numbers without the volume….people forget to look up, if they did they would notice that the buildings in South Brooklyn are mid-low rise structures with the exception of Gold St, Tillary St and the Flatbush Ave extension.
So wake up, where is the volume to support the sales which support the rent ?
I see this mistake time and time again, I have a natural knack at looking at an area and evaluating what it will take to make something work in a particular space and when a landlord has pipe dreams I tell him exactly that ! Call a professional, and ethical broker not one that is painting the wrong picture…….and please buy a calculator.
Stop smoking is my message of the day … and start to realize slow and steady wins the race !!
AskImma 
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