Ferry Building Squeezes Tenants for More Cash: Rent hikes at the Ferry Building... - NBC Bay Area

Ferry Building Squeezes Tenants for More Cash: Rent hikes at the Ferry Building...

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    Rent hikes at the Ferry Building are making some tenants a little nervous. The original shops' five-year leases are expiring, and as the buildings popularity (and market produce prices) increase, it's only natural for rents to rise— last year the port raked in $1.3 million from Ferry Building rent alone. While some fear a 60 percent hike that would make it impossible for them to stay, most tenants have renewed, though they're mum on the terms. Change can be good, so long as we can still get that sweet, sweet boutique salami. [abc7]

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