Friday 18 March 2016 3.46pm
Have to be honest - I only moved into the area in April last year, and part of the charm was all of the independent places that were availible. I'm very concerned now to note that vacant spaces seem to be appearing more frequently and that due to the success of the area, the Landlords are pricing their business tenants out of the market.
Does anyone know of any other forum where we could do something about this? This little oasis of calm does not need franchise business to be a success.
I agree, it's what made Bermondsey Street
stand out and what gives it the community feel it is. Very alarming that the rents for these companies are being pushed so high and that they are being forced out. The last thing we'd want for B Street is a collection of estate agents, Starbucks
, Pizza Express
Wish there was something we could do to help these local small businesses.
Unfortunately, or fortunately, depending on which hat you're wearing, that is market forces in action.
If restaurateurs and shopkeepers are forming lines around the block to buy or rent premises in areas, primarily because punters are also forming lines to spend their money in shops and restaurants in those areas, then landlords and property developers are going to notice, and take advantage of it, and want to extract their slice of the pie.
It is what makes the world go around,
If I had a shop, selling loaves of bread for £1.00, and I saw a queue forming at another shop, selling loaves at £2.00, I'd start charging £1.99, perhaps gouging my customers, but hopefully bringing the other shop's customers to my shop, and increasing my profits.