Small Business Perspective
Independent Businesses are Being Forced to Shut their Doors Because of Rising Commercial Rents
Home sweet home? Not so fast.
Rising commercial rental rates are crushing small businesses in many U.S. cities, according to the Institute for Local Self-Reliance’s (ILSR’s) “Affordable Space” report (http://bit.ly/2f0DcRr). For example, over the last year, rates have increased by 12 percent in Cleveland, Ohio, and Milwaukee, Wisconsin, and 26 percent in Charleston, South Carolina. Other cities seeing major increases: Nashville, Tennessee (19 percent), Oakland, California (16 percent), and Portland, Maine (22 percent).
Justworks, Inc.: Isaac Oates
If it’s just before 11 o’clock in the morning on a Thursday, you can bet that every employee at New York City-based Justworks is headed to the weekly “all hands.”
Gatherings help satisfy the yearning curiosity of many of his millennial employees. Oates describes his employees as being “allergic to boundaries,” and desiring to understand how the whole company works. The topics discussed at each “all hands” vary, but each week his employees walk away having learned something they did not know before. And that’s the goal.