Metro Saturated With Struggling Strip Malls
Metro Saturated With Struggling Strip Malls Save Email Print
Too many built, not enough filled in down economy
Posted: 7:48 PM Jan 11, 2009
Last Updated: 10:07 PM Jan 11, 2009
Reporter: Brian Mastre
Email Address: sixonline@wowt.com

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More and more retail space is opening up around the metro. The windows at some strip malls are covered with "for lease" signs.

They are spread all across the metro, empty or near-empty strip malls, from 120th and Military Avenue in Omaha to the shops around the Mid-America Center in Council Bluffs.

The strip mall at 168th and Maple has one tenant, a salon right in the middle. The developer, Jay Noddle, tells Channel 6 News the strip mall market is saturated, especially in west Omaha. Even so, they are still being built. There’s a new one at 132nd and West Center.

"A lot can happen,” says Score’s Bob Balzerick. “That's the reason you have a lot of strip malls that are sitting empty. Those things have been in planning in the last two, three years and now all of a sudden they're ready for people and there aren't many people going into the retail business."

Twice a month, every month, Balzerick helps people with the decision of whether to start a small business. "Marketing, marketing, marketing." The workshops usually draw 20-25 people, but in this economy on one night there were just seven.

"I was laid off about two months ago,” says Sharon Weltz of Omaha, who has an idea for a business. "I'm coming here to find out if this is something I'm cut out to do." She plans to work out of the home so she won't need office space. Experts say now is a good time to rent.

Good deals are out there because there's so much supply and qualified workers. "Help is plentiful,” says Balzerick. “There's a lot to be said about going into the service business. Retail is tough."

In a down economy, business plans that once called for a 12-month turnaround on a strip mall have been changed to 30 months, a good indicator of when experts think we'll see more small businesses take root.

One thing complicating all of this is that borrowing money is not as easy as it used to be and that makes it harder for a successful small business to expand.

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Posted by: E on Jan 13, 2009 at 11:46 AM
Feed the sprawl beast, for it is insatiable... You've all demanded these roads to everything that you won't pay taxes to maintain and you can't afford gas at $4 and now you don't have a job when gas is $1.75... I say sit and soak in your own mess. Welcome to Suburbia - your Ghetto for the New Century.

Posted by: wa on Jan 12, 2009 at 07:33 PM
lower the rent - most small bus cant afford to pay $2000-3000 or more a month rent. there s not that kind of money in a ma & pa bus thats why we call them SMALL BUSINESS

Posted by: West O on Jan 12, 2009 at 06:46 PM
I'd make em strip malls, I mean performing arts centers with juice bars, that will fill em up. It will help the economy, put young women to work. Why not?

Posted by: jj on Jan 12, 2009 at 02:36 PM
why do we have so many? the city should not allow all these strip malls anyway.

Posted by: Ahem! on Jan 12, 2009 at 02:32 PM
When any complaints over the pandemic of strip malls surfaces, we (the taxpaying voters) are always put in our humble place by this one word, PROGRESS! Don't need a new strip mall but getting ten new ones anyway? Progress! Got a new stadium to build downtown, why? Was it also in the name of 'progress'? If ever there was one word that I would ban from all political venues, it would be the much used but totally mis-represented term, 'progress'. Whenever our leaders want to circumvent the will of the voter/taxpayer they always state that it was necessary for the sake of progress. They also use words like VISION and DREAM, which are bell ringers whenever I hear them in conjunction with the catch-all PROGRESS. It's truely amazing the lack of 'progress' we make in it's name when you consider it.

Posted by: mTm on Jan 12, 2009 at 02:18 PM
Most of us saw this coming years ago as every corner or open space became a strip mall. I am glad to see the builders suffering as we could have just left the trees and grass not the brick and mortar everywhere.

Posted by: K.M. on Jan 12, 2009 at 02:07 PM
Ok, I'm not going to drag my kids from store to store when it's 10 degrees outside. A covered heated/cooled mall is much more convienent. We also have some wicked winds, especially in West. O which makes shopping at Village Point brutal. I wonder what engineer developed the parking lots and drives all along Village Point? I avoid that place at all costs.

Posted by: Cody on Jan 12, 2009 at 12:24 PM
Well, first of all, maybe they should stop building more and more of these. There are three out by me and all three sit completely empty. Makes sense to me to stop building until these have tenants. But what do I know? I'm just a blue collar worker.

Posted by: T on Jan 12, 2009 at 10:51 AM
Simple math -lower sales plus higher taxes, higher insurance costs, higer unemployment costs, more regulation and tighter credit = less small businesses. Expect many more vacancies and much hger layoffs.

Posted by: Anonymous on Jan 12, 2009 at 09:30 AM
I live by the one at 120th/Military. Its been empty since it was done being build, 3 years last October. If I were looking for a place to rent, I'd bargain down the lease way down.

Posted by: J from Bennington on Jan 12, 2009 at 08:30 AM
Thanks for the story WOWT. I had wondered what was going on at 168th & Maple. Too much building going on along Maple and not enough tenants, I thought, to warrant another strip mall in the area.

Posted by: K on Jan 12, 2009 at 07:50 AM
Nobody saw this coming in Omaha? Everywhere you look they are building a strip mall. Maybe the people who paid to build these and cannot fill them need to be bailed out by the government!

Posted by: just an idea... on Jan 12, 2009 at 07:28 AM
STOP BUILDING STRIP MALLS!

Posted by: P on Jan 12, 2009 at 05:38 AM
This has been a problem for YEARS!! They just keep building them. WHY? So many are empty. We dont need any more.

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