Stores along Beverly Drive and in portions of West Hollywood are being snapped up. As you might guess, prices are ludicrous: One space at the corner of Beverly Drive and Brighton Way is said to be leasing for $180 a square foot. That compares with $25 a square foot, give or take, at some of the larger Socal malls.Once the wealthy job creators are confident they won't be taxed into the poor house by those 80-some Commies in Congress, some of their spending should drip on the heads of the shop clerks in these establishments, resulting in an increase of French-frying & pizza-making jobs in working peoples' residential zones, & the possible hiring of several nannies, maids & gardeners (if there are any profits at all after taxes & rent).
Thursday, April 19, 2012
It Will Trickle Down (Eventually)
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2 comments:
"..said to be leasing for $180 a square foot. That compares with $25 a square foot, give or take.."
Per month? For a 500 sq ft shop (20x25) that works out to (let's see..carry the six..) $12,500 for the cheep place and (uh, carry the four) $90,000 for the good stuff.
What the fuck business model will support that?
Sweatshop & Couture Ed.:
US$5,000 handbags, & US$10,000 dresses, er, gowns. Shoes for these people must be near 1,000 bones a pair.
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