- Greg Jones
- United Kingdom
This conversation is closed.
Solution to unoccupied stores,shops and commercial property during the recession
Everywhere you look there are empty commercial properties and small businesses that have shut down in the recession. Yet still, landlords are asking for extortionate rents? Instead of pricing rent according to the perceived market value, why not charge a percentage of profit from the trader or business instead of fixed rent? Flexible according to the volume of trade in any given month.
What is the point of having 1000's of empty commercial properties? Why not encourage entrepreneurs to start businesses at zero rent and pay more rent as the business grows? If a trader is struggling with rent he/she will close down, why not have flexible rents inline with profits as I've described?