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If a landlord becomes aware a company pays it's managers above industry norms, do they raise rent? How does any company make a profit in such a world?
by CJefferson 3y ago
If a landlord becomes aware a company pays it's managers above industry norms, do they raise rent? How does any company make a profit in such a world?
- astrange 3y agoCommercial leases tend to be much longer to prevent the landlords from raising the rent. Which of course, also makes commercial landlords picky about who they rent to. Land value tax would solve this. (We have property taxes, but they're not as good, and in California they're capped.)
- datavirtue 3y agoI worked at Perkins in another lifetime. They had 99 year leases on land where they built stores.
- ralfd 3y agoAn company can more easily switch offices. But for a restaurant the location is very important.