Circa Details the Issues in Commercial Rent Affordability, Citing ILSR Report

Date: 18 Apr 2018 | posted in: Media Coverage | 0 Facebooktwitterredditmail

In the News: Olivia LaVecchia & Stacy Mitchell

April 17th, 2018

Media Outlet: Circa

In this story for Circa, reporter Fernando Hurtado details the rent increase for small businesses in a number of different metro areas, including in California areas. In his reporting, Hurtado cites our affordable space report to provide some numbers for the trend. Here’s the coverage:

What’s happening in Highland Park is happening all over the nation. According to one study from the Institute for Local Self-reliance, from 2015 to 2016, retail rents increased by 16% in Oakland and 26% in Charleston. At the root of this increase? A host of factors, according to the study, like a rise in the number of people moving to cities
in search of walkable urban places and a declining supply of small retail spaces.

Read the full story here.

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Nick Stumo-Langer

Nick Stumo-Langer was Communications Manager at ILSR working for all five initiatives. He ran ILSR's Facebook and Twitter profiles and builds relationships with reporters. He is an alumnus of St. Olaf College and animated by the concerns of monopoly power across our economy.