It's no secret that the economy has had a negative effect on storefront vacancy rates in Park Slope. In fact, the alarming number of store closings has been a hot topic on local blogs over the past couple of months (see Park Slope Patch, The L and Fucked in Park Slope (FIPS)).
Yesterday, FIPS highlighted an article on a real estate news site about the recent increase in Seventh Avenue vacancies. The article acknowledged the link between high rents and empty storefronts and showed that the real story behind some storefront vacancies is often more complicated than it seems. Some of the people interviewed blamed improvements on Fifth Avenue for Seventh Avenue's woes.
What do you think? Is Fifth Avenue harming Seventh?
"Slippery Slope" [The Real Deal]
Note: we decided not to post the obligatory photo of a shuttered storefront. You get the idea, right?