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This is kind of rewarded with long term leases; a business takes out a 10 year lease in a "cheap" neighborhood, does well, brings people to the area, they pocke
by bigdubs 9y ago
This is kind of rewarded with long term leases; a business takes out a 10 year lease in a "cheap" neighborhood, does well, brings people to the area, they pocket profits on their cheap rent. When the lease comes up, and the landlord wants some of the businesses profit, is when you start seeing vacancies.
It's further compounded by sales intra-lease where the new buyer has modeled the rent once the current lease is up in order to justify the sales price.