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It’s less than ideal. Even a small retail shop requires some new investment, and it’s probably coming from the landlord. Spending $100k minimum, probably far mo
by ethagknight 8y ago
It’s less than ideal. Even a small retail shop requires some new investment, and it’s probably coming from the landlord. Spending $100k minimum, probably far more, to outfit a space for a untested or low credit tenant is a gamble with very limited upside. That’s why landlords will sit and wait, and it’s not a pretty situation to be in as investor. A bookstore should be more doable, but it still requires someone to fill the store full of books that it believes it can sell. 10,000 books cost a lot to stock too.
- rfrey 8y agoAt least in Toronto and Edmonton, the two places I have been involved with commercial real estate, I have never heard of a landlord footing the bill to outfit a space.
- vageli 8y ago> At least in Toronto and Edmonton, the two places I have been involved with commercial real estate, I have never heard of a landlord footing the bill to outfit a space. In the United States at least, many commerical real estate owners _will_ perform a build-out conditional on a lease agreement. Of course, if the business folds earlier than expected it is the real estate owners who have to eat the cost.