Title: Sam’s Small Spaces Are Better Philosophy
1. Small Spaces rent easier.
2. Small Tenants are less trouble.
3. Small spaces earn higher “per sq ft” rent rates.
4. Because of “Business Natural Selection”, small spaces turn over faster … thus insuring that the Overall Shopping Center Average Rental Rate rises faster in a Rising Market.
5. Larger Quantity of tenants in a “small space” type center means that the loss of one tenant is NOT catastrophic to the Cash Flow.
6. Small buildings (under 10,000 sq ft) do not require fire sprinkler.
CINDY JORRIE-COHN’S COROLLARY
Never make a strip center deeper than 60′ because you “lock out” your small space users.
Robert Jorrie