Tackling the Problem of Commercial Gentrification
Rising commercial rents are generally a good thing; they are an indication of the health of a business district and encourage landlords and banks to invest in building improvements. But in some communities, commercial rents are rising too far too fast. Often this sudden run-up is driven by chain retailers, which discover the appeal of an area and sweep in by the dozens, offering above-market rents for choice spots and sparking a frenzy of speculation.… Read More