AceOfTheSwords t1_iwmo8ae wrote
Reply to comment by WooNoto in Recent business closures in Worcester’s Canal District may be a casualty of success, rising property values by HRJafael
At least the recent burst of business closures are ones that only opened a few years ago. Factor in the pandemic, and they never really had time to establish roots in the Worcester community in the first place.
Are these commercial locations actually unaffordable? I'm unclear on whether they are being left vacant or new businesses are moving in shortly. That also holds a bunch of weight when it comes to if/how much improvement is happening.
Rising residential prices definitely have a negative impact on people who have lived here a long time, but I'm not sure the same is true of these business closures.
WooNoto t1_iwmulk1 wrote
Great questions, no idea if these recently vacant commercial spaces already have new tenants lined up. I’m assuming the article might have shed some light on that but not able to read it. The title certainly alluded to it.
Drastic increases in residential prices has definitely negatively impacted business imp, just not enough money to go spend on a night out after paying all these bills. I think Worcester was betting on people that moved here from Boston/surrounding areas spending their money here and I’m not sure that’s happening.
icuworc t1_iwn0oce wrote
I know that Buck's does but I have no idea on the others.
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