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Originally Posted by nomadking
Not all properties are over a hundred years old. Many new shopping areas are built, especially alongside new housing developments.
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The age is irrelevant.
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What idiots are going to lend to a potential small business, especially ones of the type with a high failure rate. With homes, the funding for repayments is already in place, ie salaries.
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Businesses get loans all the time, sometimes secured against assets - like land or premises.
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(Many businesses don't make enough to run with zero rent, so paying off a mortgage is just not going to happen.
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If businesses aren’t viable then they go bust - that’s capitalism with or without parasite landlords.
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Still leaves, who pays for the upkeep, especially common areas in a centre.
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Councils?