Part 5/6:
With Big Lots and others facing closure, questions arise concerning the future of the spaces they will leave behind. There's speculation about whether other major retailers will step in to occupy these locations. However, Berman suggests there may be minimal interest from similar chains to fill the void. Instead, he foresees a shift toward transforming these retail spaces into mixed-use developments that encompass residential areas, grocery stores, restaurants, and entertainment venues. This evolution aims to better serve community needs rather than replicating the traditional big box retail model.