Small Businesses And Retail Space
Most urbanites say they'd like to see more local and independently owned shops and fewer chain stores in their neighborhood. But many local businesses find that leasing retail space in a good location is nearly impossible. Many developers and landlords prefer safe "credit tenants," which are typically national chains that can commit to long leases and afford to pay a premium. It's an economic reality that keeps mom-and-pop shops out of some of the city's most lucrative addresses. We'll hear from local business owners and landlords about the challenges on both sides.