The growing trend of pop-up stores has given entrepreneurs a low-risk way to start an LLC, while also giving commercial landlords needed tenants, the Wall Street Journal reports.
Because of low demand in the commercial real estate market, the WSJ reports that many landlords are offering small business owners month-to-month leases – which gives entrepreneurs much more flexibility because they’re not committed to a long-term agreement.
For landlords, it provides a source of revenue, and allows them to show off buildings that aren’t filled with vacant storefronts, according to the paper. Many landlords also hope that their new tenants will be successful and choose to stay.
The only drawback is that if another company decides to lease the space long-term, the business may be forced to move from a location it really likes.
Other landlords are offering even bigger deals. The Dallas Morning News reports that many commercial landlords are offering a period of free rent for companies to sign up for a lease – which can reduce an entrepreneur’s costs in the early stages of his or her company.
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