Recession = Bargaining Chip for Small-Business Tenants (FOXBusiness)
No question, the nationwide credit crunch is putting the squeeze on landlords as well as their tenants. What does this mean for small-business owners? Which came first: the small business or the landlord? More to the point: who needs whom more? Thanks to the recession, today it’s a little too close to call.
Paul Chapman, who owns 14 commercial properties in Las Vegas, put it bluntly.
“Small business is the only customer in commercial real estate today,” Chapman said. “The big names aren’t making any moves, so small business has become our life blood.”