“Cause everything is Rent”
In an environment where one out of every four small businesses is in delinquency on its rent, it would seem to me that commercial rents should be dropping like a stone across the board.
I wonder what the average salary is for whoever keeps track of Rent Delinquencies?
Only one solution to this... raise the rent.
Putin’s rent delinquency.
If rent delinquency went from 26% to 35%, the actual increase in delinquency isn’t 9%. It is 35%. Gigantic difference.
This is commercial rent related however in the residential world, I couldn’t believe how many applicants had literally NO source of income other than “I applied for UIB or welfare.” We live in an uber BLUE state where the “cancel rent” movement is growing by leaps and bounds.
Out of approx 80 inquiries, only one person qualified.
Some commercial landlords either get some benefit from having a non rented property or they are just plain greedy.
There is a stand alone building on the way into town here that was a thriving restaurant for years. The building sold and the restaurant refused to go along with the significant rent increase and shut down.
5 years later and the place has only been rented for a total of 1 year.
suppose a commercial rental property lists at 20 dollars per square foot.
is that per-month or per-year?