Retail vacancy rates falling in county, albeit slowly
While preparing his Meineke Car Care shop to open in January, Jeff Vogt had workers tear out fixtures so all that was left of the former Blockbuster store in Cary were four walls and the roof.
He gutted the building and put in new overhead doors, new drainage and car repair equipment for his franchise. The 6,600-square-foot building had stood empty for a year.
Many businesses are concentrating on existing, vacant spaces rather than building new places, in part because financing is loosening up.
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