Quote Originally Posted by metro View Post
But if they were doing exceptionally well, would they not have been willing to bid more to renew a lease?
It isn't always that simple.....sometimes a national will bid way beyond market rate for a specific space knowing others wouldn't pay that amount. National retailers can really skew the market rate. If PBK wanted a spot they can pay what they want but I don't think that is what they do with that particular franchise, I have seen them move around in the Simon malls that I worked on because someone else wanted the spot they were in. The main PB store probably has a different profitability ratio than PBK and they might pay more for the main store location.