Talk of The Villages Florida - View Single Post - Clearing up rumors on commercial leasing in The Village
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Old 05-19-2017, 08:35 AM
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Mikeod Mikeod is offline
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I'm not sure how the rental contracts between the developer and a business are constructed is any of our business anyway. If the terms were so far out of line it would not benefit the developer or the residents if the spaces are empty. Retail space has a value that can change. Think about the value of space in Lake Sumter in 2005-6 when it first opened and there were fewer neighborhoods around. Compare it to now. Certainly the value has increased and a smart businessman will consider that in a new lease or renewal. It is up to the lessee to determine if the terms are OK. There are some long term tenants in Spanish Springs and Lake Sumter that have added locations in Brownwood, so the terms can't be that onerous.
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