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Maybe the price of retail property needs to come down a bit. If you look at what shopkeepers have to pay in rent alone, let alone associated taxes, insurance et
by rwallace 14y ago
Maybe the price of retail property needs to come down a bit. If you look at what shopkeepers have to pay in rent alone, let alone associated taxes, insurance etc., it's so crazily high it's a wonder any of them can afford to stay in business. Landlords could get away with charging that kind of rent when there was no other game in town, which is presumably why they're in the habit of it, but I think at this stage it needs to come down to something the retailer has a better chance of being able to afford to pay.