> No, the reason that rents in the south bay are skyrocketing is simple
> supply and demand.
Not just the south bay.
The location of my office is adjacent to an area going through rampant
gentrification. When I moved my office to its current location 12 years
ago, 50 cents a square foot was going rate for warehouse space, usable as
office. Now such spaces are being sheetrocked and carpeted, and going for
$5 to $10 per square foot.
My landlords are a partnership. One of them is trying to retire. The
other just started a new venture that immediately failed. So, since the
building is worth ten times what they once paid for it, they're selling.
99% probability that the new owners will clear the building, remodel, and
raise the rents to 10 times their current level. And the zoning is such
that they could add a second level.
I've been losing money for a long time. I would keep going, anyway. But
there's just no way that I can rationalize moving AND continuing.
Therefore, after 22 years (12 in current location), XenoSoft is closing.
No idea how long before the landlords find a buyer; then I'll have 30
days.
"Greed"? "Capitalism"? It doesn't matter any more. Should I hate my
landlords for it? I don't think so, and it's not worth it. I'm too busy
discarding all the stuff that represents that part of my life.
--
Grumpy Ol' Fred cisin_at_xenosoft.com
Received on Sat May 27 2000 - 14:26:37 BST