Quote:
Originally Posted by BrianL99
Oh?
The Rent (not including NNN charges, if any), increased by 70%. They increased space by 20%.
There's not enough information in the article to calculate the increase rental rate per square foot, but it appears the increase on a per foot basis, is about 60% ($25/sq ft increased to $40/sq ft.
This according to a newspaper not to be mentioned and a memo from District Director Kenny Blocker.
Also, there's no law that I know of, that says the District's Administrative (non-customer contact) functions need to be located in The Villages ... where they can ONLY lease space from the Developer who owns all the land. (I'd love to know their rationalization for avoiding "sole source bidding" requirements.)
What the hell, the State of Florida has their "administrative offices" in Tallahassee, 200 miles away from us and 500 miles from Miami. They simply setup satellite offices to handle "customer contact" locations where necessary.
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It may surprise you to learn that Tallahassee, 200 miles from us and 500 miles from Miami, is the State Capitol. Where else would the State of Florida have their administrative offices? Or are you suggesting Florida should move its capitol?
Could the District operate from LSL? Sure, but the Villages has doubled in size since they started in LSL so it makes sense that they need more space and consolidating to a centralized location has benefits,
With a little less rounding it looks like $28/sqft to $44/sqft for a 44% increase. That’s certainly a healthy increase but again, is it out of line for the current cost of space in Brownwood? There has been a lot of talk of inflation in the last four years, perhaps this increase is an adjustment to catch up.
I have no doubt the District is paying a premium price for this space but I don’t know that it is out of line. The District and the Villages are closely related and it wouldn’t surprise me at all to find that the negotiations on price were somewhat less than difficult. Still, you get what you pay for and I’m pretty happy with what I get so if this is the cost then I’m not unhappy to pay it.