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Of course you do. Would you spend a hundred thousand on a custom buildout for a $1M lease if there was a significant risk the tenant would stop paying only a fr
by valuearb 6y ago
Of course you do. Would you spend a hundred thousand on a custom buildout for a $1M lease if there was a significant risk the tenant would stop paying only a fraction of the way into the lease?
Things get a lot easier if you can take the space as is. But even then, if the landlord thinks your business is at a high risk of closing within a year, what’s the point? Why not spend most of that year finding a secure tenant likely to last for a decade or more.
- gogopuppygogo 6y agoThere are very few small companies with liquid cash reserves in the seven figures. This makes Manhattan commercial real estate unaffordable for them. This leaves many empty stores in Manhattan.