4 ms·
A residential landlord can't charge you much more than market rate because you could just move. At some price point a mover is going to be cheaper. Often there'
by triceratops 4y ago
A residential landlord can't charge you much more than market rate because you could just move. At some price point a mover is going to be cheaper. Often there's also various rent control laws.
Commercial landlords, especially of restaurants, have way more pricing power because the tenants can't just move. Their customers expect them to be there, or there's a ton of existing foot traffic - location, location, location. And usually tenants put their own money into renovating the space for their needs.
- selimthegrim 4y agoAnd you haven’t even covered the magical world of triple net leases yet
- triceratops 4y agoI don't actually know what that is. Like I said, I've never worked in the restaurant biz. Everything I've written is just from reading random shit online.
- cthalupa 4y agoTriple net is a bog standard leasing agreement for commercial properties - it's nothing specific to restaurants. Basically, you pay the expenses on the building. Taxes, insurance, maintenance costs.