Moving for most small businesses comes with a heavy cost. If you’re in a high regulation area like California, even moving down the block would first of all require a ton of permitting and time. Second, foot traffic is not equal everywhere. Even if you move buildings in the same neighborhood, availability or lack of something as simple as parking, can affect your business significantly. Lastly, even if you figure everything out, moving comes with the costs of making the new place up to date to align with your business. For some businesses these costs can run into millions (big restaurants). In most cases, businesses will either pay the higher rent or simply shut down.
Moving for most small businesses comes with a heavy cost. If you’re in a high regulation area like California, even moving down the block would first of all require a ton of permitting and time. Second, foot traffic is not equal everywhere. Even if you move buildings in the same neighborhood, availability or lack of something as simple as parking, can affect your business significantly. Lastly, even if you figure everything out, moving comes with the costs of making the new place up to date to align with your business. For some businesses these costs can run into millions (big restaurants). In most cases, businesses will either pay the higher rent or simply shut down.