It depends. Some large commercial landlords in UK such as owners of Carnaby St and Marylebone High St avoid chains on purpose. Sure it cuts into their revenue i

It depends. Some large commercial landlords in UK such as owners of Carnaby St and Marylebone High St avoid chains on purpose. Sure it cuts into their revenue in the short term, but in the long term it helps to preserve the unique character of the area and thus boosts value.