Rent for commercial property here in TV, LSL specigically
is very competitive with commercial space(s) adjacent to TV and nearby. They are less expensive than many of the mall offerings.
Remember ALL those who sign a lease know their rental rates for the existing term (usually 3-5 with mostly 5 years) and the subsequent renewals (usually the same as the original term). So there is no mystery as to what the rental costs are from day one through 5 or 10 years.
So it is not the rent. It has to be the business(es) just did not perform to expectation....and that does happen. Good example of The Grateful Dog going from a large space to a smaller space to zero space.
Another example: the party store North of CVS off 466....went from a huge store to one half the size in a very short time.
btk
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