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Just realized my three Charleston retail units sat empty because I was pricing them from 2019, not 2024
I dropped rent by $4 per square foot after six months of nothing, and all three filled with tenants in 11 days, which tells me I was the problem the whole time, not the market. Anyone else hold onto a stale number way too long?
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anthonykim8d ago
Eleven days for all three is wild, but the part that gets me is six months of sitting on that number before you tested it. Four bucks a foot sounds tiny until you see what it was actually costing you in lost rent every month. Guessing the 2019 price felt safe because it was a real number once, even though it stopped being real years ago.
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