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Oh yeah, parking minimums are a disaster for many reasons, as is the endless acquisition of property by private equity firms. I currently need about 2000 square
by TaylorAlexander 3y ago
Oh yeah, parking minimums are a disaster for many reasons, as is the endless acquisition of property by private equity firms. I currently need about 2000 square feet of industrial space (plasma cutting, welding, work benches, and a small office) and its very hard to find such a small spot! Literally the space in Oakland I previously would have used, American Steel, was bought by a private equity firm, all the small tenants were kicked out, and now they rent 20,000 square feet at a time to big venture capital funded companies:
https://48hills.org/2022/04/american-steel-burning-man-artist-community-displaced-redevelopment-gentrification/ https://48hills.org/2022/04/american-steel-burning-man-artis...
EDIT: Fun fact, I did approach the building, got the manager's number from someone, and called her. When I said I needed 2000 square feet she actually laughed, said "we typically rent out 20,000 square feet or more", said she would "try to find me something" and then never called me back.
- infthi 3y agoif there is a demand for 200sqm space - why wont someone rent 2000 sqm and subrent?
- shiroiuma 3y agoBecause that's extra work and risk for a small return, plus local ordinances might not even allow it, or would make it difficult. Being a commercial landlord isn't that easy. And there might be "demand", but not at the prices being offered.
- katbyte 3y agoAs with many things “not profitable enough” is a huge detriment to society and a huge flaw with unchecked capitalism when so much wealth accumulates at the top
- shiroiuma 3y agoSure, but what are you going to do about it when most of your voters keep voting for policies that result in this?
- zo1 3y agoHere's my low-effort snarky response to your question: Pesky Laws, ordinances, labor rules, and MBAs with fancy graphs that say something is "unprofitable".
- mlrtime 3y agoYou're in the wrong place, this isn't a PE problem. There are industrial spaces near me ~ $6/sq/yr with configurable sizes where you could do all this. This is also 30 minutes from a international airport. It's like complaning that someone can't build a factory in manhattan because real estate firms bought all the land.
- thereisnospork 3y ago>It's like complaning that someone can't build a factory in manhattan because real estate firms bought all the land. People complained good and hard about not being able to open/run a bodega in Manhattan because firms 'bought up all the land' - to the point Mom and pop shops got significant legislative benefits. To everyone's benefit(?)
- dragontamer 3y agoShenzhen, where China builds electronics, is a 17-million population city where such electronic shops can be built. If we in the USA are supposed to compete against that, we need to start thinking about how to build our cities or culture to provide similar features to Chinese society. Not like their human rights or whatever, but their specific production specs. How quickly you can physically shop in Shenzhen in person to look for parts, how easy it is to share designs in the engineering community, the economies of scale and so forth. We are getting our ass kicked on electronics production. We really should think about emulating China now on this subject.
- Workaccount2 3y agoEmulate China? China emulated us. The US had all that 100 years ago. We are passed that stage and bringing it back is going to have to be artificial and forced. And probably won't even work. China is not a USA that figured out cheap manufacturing. China is an emerging economy that reaped the benefits of being an emerging economy (lax regulation + borderline slave labor). The same way (generally) the USA did 100 years ago to get to the advanced economy stage it is at today.
- 3y ago