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Posted on 8/14/14 at 8:28 am to TigerWise
quote:
Side note, have you noticed all the available spots for rent along Magazine ? Has rent prices gotten too high?
Well, they seem to higher than they've ever been. I think a lot of those buildings are already paid for or the owners have enough $ to let them stay vacant until they get the price they want. Actually, I'm only aware of one or two spaces that have been vacant for any length of time. One of those is between the RH and GG's.
Posted on 8/14/14 at 8:34 am to TigerWise
Anecdotal but say 18 months ago a friend of mine who does commercial real estate for large clothing companies and restaurants was always in New Orleans looking at spots along Magazine for his national clients. Haven't seen hide nor hair of him in about 8 months.
All the places he was shopping for decided not to come into New Orleans market.
All the places he was shopping for decided not to come into New Orleans market.
Posted on 8/14/14 at 9:12 am to TigerWise
quote:
Na brah, would have to be in a sketchy location. Side note, have you noticed all the available spots for rent along Magazine ? Has rent prices gotten too high?
Yes. The mattress store is closing down in October so we've been looking for a new studio spot. Prices are just unaffordable right now. Luckily we found the perfect spot on the 2nd floor of a new business.
The new owner of the mattress store will be asking 8 grand a month rent. It's astonishing.
This post was edited on 8/14/14 at 9:13 am
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