Landlords ought to be flexible

·November 10, 2008
·Mark Fletcher
·1 Comment

Newsagents are doing it tough like many retailers at present and while some landlords are helping newsagents some are not. Take one landlord in a shopping centre in Melbourne. When approached for a deal on casual leasing space which will otherwise be left vacant, the landlord has been unhelpful. While they will argue that their 50% discount is generous, this is off of a ridiculous starting price. The newsagent’s offer has been rejected, leaving the space empty and the newsagency bursting at the seams with Christmas and other stock.

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Brett November 10, 2008

Landlords are rubbing their hands in glee as they will shortly raise rents in line with CPI (approx 5%) while all the time knowing that takings are down. I bet none will hold on their rent raises to ‘help’ in these troubled times. Its not their job to help, its their job to make money. The bove example however in one where they have passed on an opportunity to make money.

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