formerly @w3dd1e@lemm.ee

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Joined 7 days ago
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Cake day: June 5th, 2025

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  • No worries! Ask as many questions as you like!

    It affects the value of the surrounding spaces.

    Example: A strip mall has a grocery store. If the grocery is active on the property, the surrounding spaces are more valuable to rent. The landlord can rent the spaces to restaurants retail stores because the grocery store has a lot of foot traffic.

    If the grocery store “goes dark” or stops operating at the strip mall, the neighboring Chipotles and Game Stops lose money and close. The landlord can’t fill those spaces as easily as when the grocery store was there.

    If the spaces are empty, no rent comes in. No rent means no mortgage payments.

    Edit: I forgot to add. Commercial mortgages are different than residential for lots of reasons but a big one is the dollar amount. Some of these properties are $100M loans so the trusts and banks involved have a lot more say as to what goes on at the property.

    If you want to fix your sink, you do it. If they want to, they have to get permission to make changes.