Retail Chains Closing Stores, New Tenants Already Lined Up

Bed Bath & Beyond is closing 400 stores, but other retailers and gyms are eager to take over the spaces due to the scarcity of commercial real estate. Retailers such as TJ Maxx, HomeGoods, Ross, Burlington, Five Below, and Nordstrom Rack are among those interested in the spaces. The majority of Bed Bath & Beyond stores are in population-dense areas, making them attractive to prospective tenants. The company's stores are also in the suburbs of mid-size and large cities and are under 50,000 square feet, which is an attractive quality in retail as brands trend toward smaller spaces to save on rent, labor, and other overhead.