u/jcasimir wrote (the comment Michael replied to):
Sure do. COVID really changed the game. Most people don’t understand that commercial leases do not typically have a fee you can pay to break the lease, like you would with an apartment.
u/michaelnovati replied ·
Yeah commercial leases you can't get out of and you need to plan to pay the entire cost of the lease in financial planning. It's why there are so many subleases of subleases of subleases etc...
I see both sides of it, but ultimately it is what it is. When you are making $8M of revenue and growing and you see this beautiful office in a great location and are super optimistic about the future, and COVID didn't happen, it might look like you had the best deal in Denver with this cheap lease locked in and the landlord can't raise your rent or get rid of you either.