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From the December-January 2001 Edition
Vacancies
The borough's Economic Development Committee (it includes business owners, elected officials and residents) recently put together the list of vacant stores in Fair Lawn. Fair Lawn News talked with one realtor about what the information means.
Mr. Beshlian said he was surprised that the vacancy rate was so low. "It is a sign that Fair Lawn is as healthy as the surrounding communities." Mr. Beshlian said that stores are being rented, property values are holding up, and property owners are able to pay their taxes. He was most surprised by how few vacancies there are on Broadway and Lincoln Avenue. Some stores may be vacant, he said because landlords won’t reduce their rents to be competitive. “If asking rents are lowered, new tenants would move in tomorrow.” Mr. Beshlian said that Broadway is doing well, although it may have lost some of its local character and charm. He said you can’t really control the types of businesses that move in, it’s a natural flow of economics. You don’t have the local butchers and bakers anymore, but with two income families, you do have the need for many more restaurants. Mr. Beshlian said “there have been a lot of very good improvements on River Road including planters, benches, lighting, bricks and improved intersections.” Right now, River Road has a high number of vacancies because of the temporary nature of the cooperative parking agreement. Once everyone agrees on the cooperative parking agreement, then River Road should be very successful.
River Road: 10-16, 11-11, 12-66, 12-79, 13-13, 13-34, 13-49, 14-08 15-01, 16-23, 17-10, 17-61b
Fair Lawn Avenue (near River Road): 7-09, 7-17, 7-19
Broadway: 24-07, 30-16, 26-01, 22-01, 34-11
Saddle River Road: 505, 8-12, 9-10, 14-03
Maple Avenue: 17-15, 19-03, 20-12, 20-14, 20-16, 20-24
Lincoln Avenue: 95-D
Pathmark Shopping Center: 22-06, 22-10, 22-14, 22-18 Maple Avenue
Broadway: 24-07, 30-16, 26-01, 22-01, 34-11
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