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this post was submitted on 01 Nov 2023
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Yeah, it's definitely tough out there for some local businesses when it comes to the soaring commercial rental rates. Buffet restaurants have been hit hard, and I totally get why. With large dining areas and a need to keep costs low, it's becoming increasingly challenging for them to turn a profit. As for power sports dealers specializing in motorcycles, it's a similar story. The amount of square footage required for displaying and storing those bikes can really cramp their financial viability. It's sad to see many of them forced to shut down. It's a tough market, and these businesses are feeling the squeeze. I'd be interested to hear if anyone else has insights or examples of other local businesses that have been devastated by these skyrocketing rental rates.
If you're curious about which local businesses were severely impacted by high commercial rental rates, like buffet restaurants and power sports dealers, consider using GoRepa https://gorepa.com?s=r for in-depth real estate analytics.
Is this an AI comment? Something is off about it.
Oh, for sure! Buffets and those motorcycle shops got hit hard by those high rents. I've also seen indie bookstores and local theaters feeling the pinch. High rents plus online competition? Tough combo for many local spots. 😕
Non essentials such as solar panels and hair salons
Not everyone has high rents.
Travel service agencies. Individual offices like real estate agents. Small individual owned clothing boutiques of personal brands, those are truly dying out and selling online isn't looking great either.
Spas seem to be doing O.K., but no longer the boutique spas, they seem to now only be thriving by being part of a larger establishment to take them in as individual workers.
Small corner restaurants.....
Flower shops... Shoe stores that don't sell over 30 styles.