There is already an issue with artists trying to live in commercial spaces.
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There is already an issue with artists trying to live in commercial spaces.
How much revenue are they collecting from unoccupied commercial space though? Can't be much.Quote:
Originally Posted by BladesNBarrels
Five percent of something is more than ten percent of nothing. [Dunno]
Property tax is collected whether the bldg is occupied or not. Are you thinking of sales tax?
But it's based on assessed value right?Quote:
Originally Posted by Bailey Guns
So what is the value of a property that is not, and never has been, occupied by a paying tenant? And since you mention potential sales tax revenue, what is the value, to a community, of a building or retail center that is unoccupied? I would say that it's not only zero, it's less than zero because even though unoccupied commercial property is not bringing in any sales tax revenue, it is costing the city in terms of needing fire protection, police protection, infrastructure, etc.
All I'm saying is that we seem to have a serious glut of commercial retail space and a serious deficit of living space.
I know older retail spaces are sometimes being torn up and turned into "mixed use" with both residential and retail in the same area.
It just seems to me that if there is such a need for living space (as there seems to be) then there ought to be a solution out there that makes use of the apparently large amount of un needed retail space.
I wonder what the office space vacancy in the metro area is? From the number of partially-occupied buildings I see, I would think it's significant.
Commerce City apparently has plans to turn the dog track into something like Belmar. Not sure when they're going to do that, but now would be a good time. Makes me sad I missed out on that rental property across the street.
We're listing this Friday in Broomfield with plans to move to Tennessee as soon as we're sold. The same sized house there goes for less than half of what we're expecting to get here and sits on acreage rather than square footage. I'll let you know how it goes.
Hopefully you have a job lined up or retired. Aside from family, that's our hangup. You go to a place like KY and I hear jobs very limited. Granted I'd head to Wyo/Utah which I think has enough booming areas to not be such poor prospects, still awkward to try to time job searching with selling, moving, buying.
With family already scattered to the winds or being untethered due to military obligations, we have an idea where we would like to end up. The problem is employment. I'm in tech, and the Silicon Mountains is one of the hottest areas right now. Where I'd like to relocate to, not so much.
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you're going to make out like a bandit. Before we sold our home in Broomfield, I considered moving back east too, but the wife wasn't ready to leave CO....she's getting closer though. Where in TN are you headed?Quote:
Originally Posted by jason303
We're going to Knoxville. I'm fortunate that I don't have a reason to stay here like family or a job that I can only work here.