undefined | Better HN

0 pointsR0b0t14y ago0 comments

Rent used to be very, very low. Area was basically blighted, no? Everybody was moving out of eastern Germany.

0 comments

3 comments · 1 top-level

jamil74y ago· 2 in thread

Yeah but it's been sharply rising in the last 10-15 years and I'm not sure that the protections that exist for residential leases in Berlin exist in the same way for commercial. But still quite possible that the rent hasn't adjusted for many of these shops.

R0b0t1OP4y ago

Residential and business rent can be disconnected. Isn't that what happened in SF? Massive oversupply of one because they're not interchangeable.

In Kansas City there are some highly gentrified city neighborhoods but then a block or two away a bunch of old warehouse-type factory buildings for rent.

jamil74y ago

You could be right, I honestly don't know. The media here tend to mostly cover the residential side of things. You do see stories of businesses like bars and bookshops being forced out when an investor buys a whole building that includes both commercial and residential spaces.

j / k navigate · click thread line to collapse