Rising rents 

Published: 6/17/2019 9:50:19 AM
As a resident looking to start a business in downtown Greenfield, I read Melina Bourdeau's article on the MA Vacant Downtown Storefront District Program with keen interest. Yet what our mayor describes as an "innovative" program to incentivize storefront occupancy seems to me, on the contrary, rather short-sighted. Is the problem really that prospective businesses don't have enough incentive to lease space downtown? Several downtown businesses have shown that success is possible on Main Street, and some commercial properties have full or near-full occupancy. Why, then, all the vacant storefronts? Neither our mayor nor our director of community and economic development seem willing to address the elephant in the room, which is not diminished incentive but rising rents. Some property owners would rather keep the rents high to retain the high valuation of their properties than ask less and have to bother with tenants. Rewarding the very property owners already asking too much by including them in this incentive program seems ironic in the extreme. 

Andrew Ritchey

Greenfield




Greenfield Recorder

14 Hope Street
Greenfield, MA 01302-1367
Phone: (413) 772-0261
Fax: (413) 772-2906

 

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