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Reply to "Restaurant owners / Small business what is the survival strategy?"
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[quote=Anonymous][quote=Anonymous]A Commercial landlord here. We are of course being flexible with our tenants because, for many of them, it's the right thing to do. But you'd be foolish to think that we are not taking notes on those that are being difficult right now just to take advantage of the situation - we know who you are. Depending on how your lease is structured, we are taking it back in future months or on renewal - with interest. In the end, the customer pays for everything. [/quote] I'm a commercial landlord also. Serious question for you: How many tenants do you think will even survive this? I estimate no more than 50%. I am starting to think that the commercial/retail landscape of this country will be changed forever in the next six months. Between most restaurants evaporating, half of other SMBs dying, and things like telemedicine and WFH becoming acceptable, I see a pretty dire future. Not to mention the system financing problems i.e. unhealthy leverage inherent to commercial real estate.[/quote]
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