| Comment | There's a few issues there unfortunately. First, renting low devalues the area, landlords can generally bet on a few years vacancy to getting good rents again. By dropping rents you'll be stuck in a 5 year lease earning you nothing.
Also you don't always want the shops that pay low rents. You want big chains with property managers and robust finances. Crappy fast food joints that think it's ok to dump barrels of oil into the drains, then go bust with 6 months of rent arrears (then open up down the street, new name, same owner, same Bentley) are going to cost you more than the rent.
On op's proposition, commercial lls again can bet on a property being vacant for a couple years. 1500 is a drop in the ocean. |
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