Re:How Manhattan Became a Rich Ghost Town
by JamesBarney on Thursday October 18, 2018 @03:57PM
(#18251601)
It's hard to do short term commerical leases.
One the build out costs lots of money and if the owner doesn't renew you've lost $60,000.
Two if you end up with a successful coffee shop/bar/etc the owner can squeeze you out of every dime of profit because it's disastrous to most of these establishments to move.
It means that there's just not a lot of demand for short term commerical leases. Exceptions are seasonal stores like a Halloween or Christmas store who are happy to sign a short term lease, usually at a discount.
One the build out costs lots of money and if the owner doesn't renew you've lost $60,000.
Two if you end up with a successful coffee shop/bar/etc the owner can squeeze you out of every dime of profit because it's disastrous to most of these establishments to move.
It means that there's just not a lot of demand for short term commerical leases. Exceptions are seasonal stores like a Halloween or Christmas store who are happy to sign a short term lease, usually at a discount.