In one of the earlier posts by Jayne she pointed out, in her opinion, that rent, rates and "greedy" Landlords were all to blame for the slow decline of Chiswick.There are a number of misconceptions here that merit comment. Firstly, in a supply and demand economy the suggestion (if you think about it carefully) of "zero rates" would ultimately benefit landlords more than tenants. Yes Devonshire Road would have more instant appeal for retail tenants (less outgoings) but there would be more demand from other retailers to locate here, ie, increased competition and ultimately higher rents. The landlord benefits from third party interference and the tenant loses in that the increase in rent probably outweighs not paying rates.Secondly, not all landlords are "greedy". With the retail market on its knees several W4 landlords that I know work hard to keep their tenants trading either through rent holidays, rent reductions and/or paying for property improvements.Thirdly, the vast majority of "upper parts" above retail space was originally residential, surely reverting to same increases footfall and adds more to the vibrancy of a street than an empty office? For example, look what a blot on the landscape the upper parts are above Paperchase in the High Road, a shameful waste of accommodation.Finally, Paul makes a v good point ref the pedestrianisation of Devonshire Road, its future success must exclude vehicles, however, Penny has a fantastic shop, she offers brilliant service and she would succeed if her shop was on the hard shoulder of the M4!
Andrew Cole ● 1152d