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For evidence that this makes cities much more interesting, go walk around ~any neighborhood in Tokyo. There's a whole ecosystem of small-scale entrepreneurs running tiny businesses that work bc commercial rents are low and build-outs are inexpensive.
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Sam Hooper
@LegeLawyer
You shouldn’t need to risk a 2-year lease in an expensive strip mall to try a new business concept. My CORNER Act, relegalizing accessory commercial units (ACUs), is the “missing middle” for retail. Link below ⬇️ x.com/cobylefko/stat…
David Watson 🥑
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Moses, isn't the problem that small retail spaces don't typically have the plumbing for a bathroom... so if you have a single person working he needs to close while he walks offsite for a bathroom
Have you tried to rent a commercial space in Tokyo? The terms are not tenant friendly. Months of “key money”, even more deposit and upfront rent…
I mean I agree. It’s also really hard on the landlord sometimes. Insurance liability etc.i think there is a bigger problem here and I don’t know how to fix it.
“100%. Low barrier to entry = more shots on goal. It’s the same principle I like in flex/industrial here — smaller bays, lower rent per unit, you end up with a more varied and resilient tenant mix instead of being over-exposed to one anchor tenant.”