So... meta thread on unit economics. In LA, pre-Covid average rates were like $3/sf so a 1000 sf space would be 3k. I’d guess many of these ideas would only start to get interesting if it drops below $2/sf. What the picture in your city? https://hughesmarino.com/los-angeles/blog/2019/11/04/as-rents-continue-to-increase-cre-markets-remain-flat-in-los-angeles-for-q3/ …https://twitter.com/vgr/status/1302282689844633601 …
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Yea, I think at 1000 sqft it will be tough to add enough value
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I suspect median Main Street Covid-failed retail business would be that size. I suspect it would be feasible if a lot more people get into entry-level making/diy.
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