Quote:
Originally Posted by BrianL99
So the owner and the tenant disagreed on what the rent should be and instead of taking the Tenant's offer, the owner decided he'd rather have it vacant?
Sounds to me like TSC/PetSense needs to improve their model and SPSF, if they want to be in The Villages.
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Sounds to me like the younger generation of the Morse Family needs to recognize that the Town Squares are a niche market and they'll increasing vacancies if they keep jacking up the rent beyond what the market can bear to businesses that WANT to be in those locations.
Real estate, property management, leased properties, just like all other profitable endeavors, relies on charging no more than what your market can bear. The Villages holding llc has had to endure the COVID exodus, but they can't use that as an excuse for the vacancies that happened 5 years ago and STILL not filled. Especially on top of the vacancies that have cropped up in the last year or two, with no replacement in sight.