News
The Neighborhood
February 21, 2011
| Friedman Properties has spent the last 40 years developing the River North neighborhood, and tomorrow its Jason Friedman wil share some his vision at our Retail Summit at the Metropolitan Club in Willis Tower. But Jason said we could offer some wisdom today. (Is it still considered a leak if the press gives it to itself?) |
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| Friedman's key to keeping space full has been deal structure. Generally rent is not a marketing expense and occupancy cost is what makes or breaks businesses. A fair deal with the tenant (often times relying on percentage rent to help them with occupancy cost) keeps them in spaces when so many are closing or going out of business in these tough times. A plethora of parking, hotels,apartments, and office users in River North also creates an environment for tenants to build a loyal clientele. The firm's commercial tenants include independents to nationals, and restaurants to retail. Last chance to sign up! |
