Commercial property is only unique in number on a street location factor.
Plenty of the same type of commercial properties exist right next to each other, happily too.
Plenty of the same type of commercial properties exist right next to each other, happily too.
Location still matters, as it does for residential, proximity to employees, or customers is important.
Zoning restricts what land can do what.
There's many reasons why this isn't a "free market"
Someone bought an asset they could afford to hold in bad times. End of story.