Jazzlike_Breadfruit9 t1_iy0mk6j wrote on November 27, 2022 at 9:11 PM

Reply to comment by BurghPuppies in Article about the terminal building development. Thoughts? by _koopatroopa_

As I said in another comment, the rent is probably astronomical for a small local businesses or startup. I don’t think it is a matter of small businesses stepping up so much as the landlord has made it impossible.

BurghPuppies t1_iy0nbgg wrote on November 27, 2022 at 9:16 PM

That’s why some of us live in Carrick, and some of us live in Fox Chapel. The landlord is trying to get tenants that suit their new space and their emerging demographic. If they charge cheap rent they get airbrush T-shirt shops like Pittsburgh Mills or Century III. Plus, they get to make money too.

It’s a calculated risk, because my gut tells me they’ve overpriced themselves during this real estate price explosion. But it’s a business.

Jazzlike_Breadfruit9 t1_iy0nknd wrote on November 27, 2022 at 9:18 PM

You’re acting like the landlord doesn’t have a say over applicants. “This airbrush t- shirt shop applied, have to let them in!” 😂

BurghPuppies t1_iy0nv5n wrote on November 27, 2022 at 9:20 PM

Of course they do, but so did C3 & the Mills. Setting the rent high is a business calculation. We’ll see how far their standards fall if they can’t fill those spaces. Could become Penn Ave.

Jazzlike_Breadfruit9 t1_iy0u5s8 wrote on November 27, 2022 at 10:02 PM

Those are malls in random suburbs. The Strip has been a destination for how long? They have built countless luxury apartments in the neighborhood over the last decade. I highly doubt this is going to turn into the Pittsburgh Mills anytime soon.

BurghPuppies t1_iy0w10f wrote on November 27, 2022 at 10:16 PM

I didn’t say it was going to, I said there’s a reason rents are high and showed an example of what happens when landlords get desperate for tenants and lower both rent & standards. And I commented further up in the thread about the new housing and demographic, and how that’s the reason for the high rent.

And while the Strip is a destination, there’s really only one street that’s even close to a retail destination. Two different things.