3 ms·
Some stores sales are just deferred, but many of them are never getting those sales back. The owners would be nuts to agree to make late rent payments -- if th
by x0x0 7y ago
Some stores sales are just deferred, but many of them are never getting those sales back. The owners would be nuts to agree to make late rent payments -- if they weren't open, they don't earn. By the time we're finally no longer quarantined in the bay area, we aren't going to go out and eat 3 months of restaurant meals in arrears.
We're now deciding who pays for the economic shortfall, and stores should play hardball. Do landlords want to be renting space in the coming retail apocalypse?
- imtringued 7y agoThe landlords don't need to care about the retail apocalypse. They can just rent out to whatever retail competitor decided to actually take advantage of the real solution.