Quote:
Originally Posted by kkingston57
Have been seeing posts for years regarding rent charged by the developer. Does anyone have objective information which would sow that they charge more than others and if so how much higher are they?
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The Lease the District signed with the Developer for the new District Office in Brownwood, is public information. We all know the Developer controls the District.gov operation. In comparison to other office space in the general area, the District is paying way more than market rate for the space.
As for the retail space the Developer leases, there's no such thing as "higher than others". It's all based on the market and the volume of sales and profit margin the user can generate.
Leasing retail space is different than leasing Office space (or Industrial or otherwise).
Office space can be compared based on location, convenience, parking availability, aesthetics, etc. Retail space has only ONE criteria ... how much revenue can be generated, in the opinion of the Lessee. If the numbers work, the business leases the space. If they don't work, the space stays vacant.
In other words, for retail space in The Villages, there are no absolutes nor objective criteria. How much money can be generated from the space and how does that base cost, fit into the business' revenue/profit model, is the only analysis.