Posts Tagged Rents
Landlords Cutting Rent to Retain Starbucks
Posted by CSH in -Commercial Real Estate Investment, Commercial Survival Strategies, Property Management, Retail Property on July 20th, 2009
An article on Bloomberg.com states that Starbucks Corp. is asking some U.S. landlords for a 20 to 25 percent reduction in lease rates. The Seattle-based company, which is the world’s largest coffee-shop operator, began rent-reduction efforts in January as part of an overall expense-lowering plan. Starbucks is attempting to curb plunging profits, after reporting a [...]