January 05, 2008
Inevitable
NP: shuffle
I've wondered for quite a while how Chicago could possibly sustain the bank branches that seem to be growing like weeds throughout the city.
Turns out, it can't.
So, if both the trends of the retail bank glut and the subsequent closings are wider than just Washington Mutual and Chicago, that's going to leave a whole lot of vacant storefronts, isn't it? Could this suck the commercial real estate market into the same big hole as residential? There's a pleasant thought.
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