Quote:
Originally Posted by Jjs5056
I have a feeling we'll see the retail spaces stay vacant for quite a long time at $34/sq feet. For comparison's sake, the vacant retail at The Summit is $18.
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Just what we need -- more vacant ground floor retail blighting Downtown. I know you and I disagree about this. You want more retail space; I want no more until what we have already is full. Trying to get beyond that difference of opinion, what practical steps do you recommend to overcome this gap between asking price and realistic rent:
rent control?
higher tax rates on vacant retail space?
subsidies for businesses to offset high rents?
I don't think the odds are good that any of those would be approved, so I'm really at a loss as to how to solve this problem.