I've gotten a lot of little tidbits from my boss that are interesting, but I just learned something that blows all that out of the water and reframes everything.
The store I work in, a convenience store/pharmacy of medium size in a spot somewhere between the suburbs and the city, pays $50k a month in rent.
Think about how much more you're charged for products than they cost to produce. Set aside the actual Capitalists in the process, they at least facilitate production. Think about how much extra money you've been spending just so that retailers can meet the demands of some company that has a piece of paper that says they own the land.
Apparently in big cities, the rent can get over $200k a month.
$20-35 per square foot is usually where attached retail space is at. I’ve seen $50/sqft for a place attached to a Whole Foods. And for retail space the rent explicitly doesn’t cover maintenance. There’s an additional CAM charge (common area maintenance) that gets tacked on annually to cover maintaining the property and things like HVAC are the responsibility of the business renting the space. Even small business tyrants want to execute the landlords
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