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Updated over 7 years ago on . Most recent reply
Competing commercial tenants?
I'm new. I help manage a small commercial shopping mall with 1 gym. We're looking to bring in another tenant, a more niche gym for women only. The original tenant's lease has no claim against deciding other tenants, but. Any advice here on how to best communicate this with the 1st tenant in good faith?
I'm interested in hearing about any experiences with handling competing tenants in the same location. I'd like to argue that both benefit and can become friends.. and that it calls more attention to the location.
Thanks for any perspective!
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@Greg Hat Don't do it.
The second gym will assuredly drain clients and income from the first, weakening their business - and their ability to pay rent.
It also shows bad faith to other tenants. Every one of them will be worried that they're next to see a competitor move in to their front yard.