4 ms·
Commercial realestate is ridiculous right now. I have no idea how most shops are profitable when they are paying $3k+ per month, either for a run down shopfron
by aetherspawn 3y ago
Commercial realestate is ridiculous right now.
I have no idea how most shops are profitable when they are paying $3k+ per month, either for a run down shopfront in a non-prime location, or for a 100m2 office.
I’m going to also blame VC money on inflating the price of everything and making it difficult to afford to do profitable tech business at local scale. That’s my theory anyway.
- crmd 3y agoMy corner bodega in a non-posh neighborhood in Brooklyn is paying $5550/month rent for a 750 square foot space. That means having to sell approx 45 packs of cigarettes smuggled up from Georgia per day just to pay rent. I don't know how they do it.
- killingtime74 3y agoMany small businesses do it by using family members as labor (or themselves) and not paying minimum wage.
- alephnerd 3y ago> I don't know how they do it I think you answered it > That means having to sell approx 45 packs of cigarettes smuggled up from Georgia per day
- hnu234 3y ago[flagged]
- DANmode 3y agoPacks, or cartons? Either way, thanks for an actual LOL.
- bsder 3y agoResidential is ridiculous, too. In Austin, I'm starting to see things like "2 months free". They'll do ANYTHING to avoid actually--you know--lowering the damn rent.
- gloryjulio 3y agoThe thing about residential is that, you can't move the activity online. There is e-commerce, but there is no e-residential