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by mikesickler
3097 days ago
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Anecdotally, I've noticed that shopping mall rents have been increased sharply over the past 5-7 years for specialty food stores. Historically in specialty foods malls would target about 15% of sales for their rents. Lately that's ratcheted up to 20% of sales. It's getting harder and harder for independent (even franchised) operators to make money in the mall. |
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