These days, the internet is our primary source of information, and grants us unlimited access to retail products and commercial real estate information. Borders Group Inc. has certainly felt the impact of internet buyers, as they will be closing 200 of their Waldenbooks mall-based stores this January.
The Boulder Colorado commercial real estate market will keep their Borders, because it is one of the better markets in the country.
Being America's second-largest bookstore chain, Borders Group Inc. will still keep all their larger retail stores. The small-based mall competitors are unable to compete as they can only stock 13,500 books while a large Borders store can stock over 79,000 books. The variety available at these large locations is very big. Many of the mall-based smaller stores are closing creating less competition for the remaining stores.
Investing in Boulder, Colorado commercial real estate still remains to be a great investment. The properties still have great appeal to chains. During these tougher times for small businesses, larger commercial real estate properties have a greater opportunity to succeed.
Another point to be made is that the Boulder community is very technologically savvy. They are very familiar with the internet and ordering online and yet they still support retail locations.
Online giants like Amazon have changed the face of traditional book sales and will continue to be a major player. The ability to reach millions of customers is impressive. It should come to no surprise that Borders has an online presence and can compete with Amazon and other players in this arena.
Where Borders has the advantage is people can find a book online, drive to the local store and purchase it. They do not need to wait 7-10 days for the book to arrive in the mail nor pay extra for overnight shipping.
The future of book sales will not be decided quickly.
Michael Bittner, owner of Bittner Commercial Advisors, Inc. has earned an outstanding reputation as an investment partner to some of Boulder's most successful Commercial Real Estate companies. His professional experience of over twenty years in Boulder, Colorado Commercial Real Estate transactions affords you an easy way to invest and hold Commercial Real Estate as a productive part of your investment portfolio. Boulder, Commercial, Real Estate, Investment, Denver, Colorado, Property Management
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