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There is a lot of empty retail space here in Boston as well. In one case though the owners tried to raise the rent of a local favorite restaurant/night club in
by jswinghammer 17y ago
There is a lot of empty retail space here in Boston as well. In one case though the owners tried to raise the rent of a local favorite restaurant/night club in my neighborhood and now the space sits empty. There's also an element of stupidity involved sometimes too :)
- pbhjpbhj 17y agoThis is capitalism though - from the LL's point of view if they up the rent on a 5 year lease by 20% and it sits vacant for a year then they haven't lost anything (or little anyhow) they've just deferred receipt of the money. I thought starting our own business would free me from working for "the man" - of course now I make the LL rich instead of the boss, the LL has a lot less to do (be rich) to get his money as well.