Do Realtors need retail space anymore?
Is an online presence enough for the Real Estate industry?
In the last “Friday 411 update” post – I mentioned how Brownstone Realty left their retail storefront, and relocated to a rental office building way in the back of town. It made me wonder why we have so many retail offices for Hoboken Real Estate!
- Does the internet make these retail spaces necessary? Sites like Zillow and Trulia (and countless others) allow prospective buyers and renters scope out and compare properties from the comfort of their own home, on their own time.
- Maybe the community could get a little diversity if these offices were occupied by different establishments?
- Back before the internet, as well as when the market was “booming” and people were buying and renting like hot-cakes – it might have helped certain Realtors to have “street presence,” but is that the same now?
- In defense, since most Realtors need office space anyway, the extra cost for street-level retail might be off-set by the “walk-ins” that buy or rent. Not sure, maybe someone can verify that.
Does having a retail space help Realtors anymore?