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This Company Fills Vacant Commercial Properties With Local Artists’ Studios

Short-term Lease Arrangements Give Artists Affordable Rent Options, Help Owners Find Permanent Tenants

Though retail vacancies are finally hovering below the historic average after years of struggling, the vacancy rate for some sectors, like malls, is as high as 9% and forecast to stay there in the coming years, according to data from CoStar. And regardless of national trends, if you’re the owner of a property without a tenant, you’re losing money by the day.

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