letterworks
Premium Subscriber
Yep, I've been doing just that.
I can't tell if landlord is trying to use the booth as leverage, saw my covid financials (Plexiglas screens=high numbers for one year) and got greedy, or just throwing a number out there without much thought.
As far as I know the landlord has a number of other buildings but is basically just a small family (ish) operation that perhaps lacking in normal professionalism. That works ok if you get a deal and month to month rent. It becomes a nightmare if they get greedy.
They have already damaged the relationship enough that I'd be unlikely to stay long term. But, I still would prefer to do business "as is" before deciding future changes.
Vacancy rate for industrial is (not kidding) well below 1% around here and of course nearly all of those would likely need a multi year lease and not really be cheaper, and only a fraction of those units would allow a booth to be put in. But with a mild recession predicted, even staying a few months might open up options that are a better fit even if not cheaper.
One particular customer (mutual to both current business and new business) who is quite connected in the developer community and holds some properties himself might have some options that could avoid the lease issues in the short term. In the longer term a lease is fine if that's what makes sense.
I'll be waiting on the current landlord for a few days more though.
I can't tell if landlord is trying to use the booth as leverage, saw my covid financials (Plexiglas screens=high numbers for one year) and got greedy, or just throwing a number out there without much thought.
As far as I know the landlord has a number of other buildings but is basically just a small family (ish) operation that perhaps lacking in normal professionalism. That works ok if you get a deal and month to month rent. It becomes a nightmare if they get greedy.
They have already damaged the relationship enough that I'd be unlikely to stay long term. But, I still would prefer to do business "as is" before deciding future changes.
Vacancy rate for industrial is (not kidding) well below 1% around here and of course nearly all of those would likely need a multi year lease and not really be cheaper, and only a fraction of those units would allow a booth to be put in. But with a mild recession predicted, even staying a few months might open up options that are a better fit even if not cheaper.
One particular customer (mutual to both current business and new business) who is quite connected in the developer community and holds some properties himself might have some options that could avoid the lease issues in the short term. In the longer term a lease is fine if that's what makes sense.
I'll be waiting on the current landlord for a few days more though.
