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Real estate isn’t instantly scalable. It takes years of planning and decades of execution to create a truly scalable city. With stores, they’re squeezed on bo
by nobodyandproud 5y ago
Real estate isn’t instantly scalable. It takes years of planning and decades of execution to create a truly scalable city.
With stores, they’re squeezed on both ends: Pressure from online retailers and then exorbitant rents.
It’s not unusual to have monthly rents that go into mid-five figures for a small store at ground level.
Few small businesses can sustain that in the long term.