MAS444 said:
Quote:
Speaking from experience, you're looking at $40-50/sqft NNN on retail commercial for property located between White Oak and 20th/Yale and Studewood.
So for a ~2000sqft restuarant you're into it for at least $11k/month before paying a single vendor or employee. It's tough if you can't garner quick success
So...what's market rent for office space in this area going for now?
And do you have any idea of the market rate restuarants pay for extra parking in this area?
Asking for a friend...
I'm saying this from an owner occupied position. I've got 10 parking spots at my business on White Oak, so fortunately don't have to worry there. The guy with the crappy halfway house next door to us demolitioned that place for parking. For him it is a placeholder for multi-unit apartments.
I know Onion Creek has quoted some pretty ludicrious numbers for dedicated parking spots to surrounding businesses (they've been much more agressive on towing lately) that essentially need them because the Heights doesn't have a waiver for the occupancy to parking ratio.