4 ms·
A hilarious comment: "Real estate people don't think like you and me. About 10 years ago I ran a small manufacturing company in the Midwest. We leased an offi
by jibiki 17y ago
A hilarious comment:
"Real estate people don't think like you and me.
About 10 years ago I ran a small manufacturing company in the Midwest. We leased an office/warehouse suite in a complex of 7 other units. At the time there was a vast overcapacity in the market (still is) and 4 of the units were empty. Several months before our lease was to expire I contacted the landlord to sign a new lease. Rather than being overjoyed that we were staying, he stated that our rent needed to be increased by 15% to make up for the empty units! With other locations just blocks away heavily recruiting us, I said NFW. However, I was willing to continue at what we were paying due to the hassle factor of moving. No dice, he held firm. We moved.
For the next 4 years I drove past the old location on the way to work. It remained empty."