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The following appeared in a letter from apart-owner of a small retail clothing chain to her business partner:
“Commercial real estate prices have been rising steadily in theSandida Heights neighborhood for several years, while the prices in theadjacent neighborhood of Palm Grove have remained the same. It seems obvious, then, that a retail spacein Sandida Heights must now be much more expensive than a similar space in PalmGrove, which was not the case several years ago. So, it appears that retail spaces in SandidaHeights are now overpriced relative to those in Palm Grove. Therefore, it would be in our financialinterest to purchase a retail space in Palm Grove rather than in SandidaHeights.” |
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