It’s nice to see that the tented market may soon be back in business. But given the state of the economy, it seems odd that the market’s new owners have chosen to increase rents by 60 to 100%. They say that rents need to go up to allow them to make a profit. Well, yes, but the previous operators of the tented market wouldn’t have stayed in business for as long as they did if they were making a loss so big that it could only be cured by a hike in rents as vast as this.
What would tenants get for these inflated prices? Insecurity, though that’s not how the new owners see it.
The six month lease is there to give security to us and the traders.
The risk of being evicted within months of opening a new business isn’t what many would describe as ‘security’. Flexibility: yes. The ability to cut ones losses if the new venture isn’t a success: yes. Security: most definitely not.