Submitted by _koopatroopa_ t3_z6850r in pittsburgh
Jazzlike_Breadfruit9 t1_iy0nknd wrote
Reply to comment by BurghPuppies in Article about the terminal building development. Thoughts? by _koopatroopa_
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
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
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
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.
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