Amazon video, Netflix, Hulu, Disney Plus and so many more of these streaming services make it easy to stay home to skip the theater.
Traditionally, theaters were really solid rent payers as expensive buildout costs are amortized into the lease. Furthermore, many of these theaters take up upper floors, paying far beyond what a replacement tenant, if it exists, would pay.
Some of the most dynamic properties boast theaters, and along with mall cotenancy issues, are one of the biggest threats to the retail real estate today.
