Another Kingwood business closed- Natural Kitchen.
Another Kingwood business closed- Natural Kitchen.
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cbear : I'm very sorry to hear that. I know they were struggling to stay open after the death of the owner, and it's been a few years since I've stopped in because it looked closed whenever I passed by.
And they pale in comparison to the rents in the Woodlands and or the Galleria
cbear : And they pale in comparison to the rents in the Woodlands and or the Galleria
Another Kingwood business failed- Natural Kitchen. So, I was in the strip center last week and noticed a sign on the door. As I passed by, I stopped to read. Closed permanently due to failure to pay rent. So sad, another business closed.
The rent is high almost 10 years ago I managed a tiny storefront in Kingwood and the rent was almost $4,000/month. It was not nice. It has been renovated since.
cbear : That pace has not been the same since Judy passed away.
How much is the retail rent in KW for a space say the size of a Subway ?
Currently the average $/sq.ft in our area is approximately $45.00. That is for "base" rent. All in rent, roughly $61.00 $/sqft. I would say that Subway is roughly 1800 sqft
billcherie2 and SteveT reacted
Years ago I tried to rent a small store. They wanted $5000 for a 1500 Sq foot place. Needing half the space they would not split, I could not sublease, and the lease was 3 - 5 years. Then add a million for insurance on the building, your liability in case someone got hurt, theft. Then there is utilities and commercial utilities are high. Then your phones, point of sales machines and service. Plus inventory. Not for a minute did I bite. I quit, accepting I'll never have a small shop.
jroget, SummerSneeze and SteveT reacted « Back to Chat
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