(October 16, 2017 at 7:15 pm)Minimalist Wrote:Quote:Yea, the strip mall close to me, whomever buys it should not be simply renting out to the first person.
Landlords don't care what you sell. They rent space. Half of all businesses fail within 5 years. All it means is the landlord gets his space to rent again.
Yes I know that, and actually it is half of all business fail within the first 2 years, not 5.
The point isn't to deny the numbers, the point is to get the climate to be more productive.
So why is it the shopping complex further down the road which has existed just as long has not remained empty as long?
Yes it is EASY to take the money in rent and have a high turnover rate. But the only reason that happens is the property owners are getting a TAX break for the loss every year.
That intersection where the mostly empty lots are, is HIGH TRAFFIC so it makes no sense to me why the lots are empty.
And I can tell you MOST of the businesses in the shopping complex further down the road have REMAINED the same in that same time. I can only remember one or two changes in rentals for the one further down the road in that same 10 years as compared to the only 4 that have remained in the mostly empty shopping complex closer to me.
The one shopping complex that is doing well further down the road is doing something different than the one close to me. Both the properties are high traffic, and in decent locations.
