- Forum: General Discussion
It's completely negotiable, as is the rent. It would depend on the amount of interest in leasing the space, the condition of the building, quality of other prospective lessees, among other factors. Apple has a way of adding value. The Santa Monica store was a Borders bookstore that was sold to investors in 2010 for $26m. After Apple leased it in 2012, it sold to the founders of Jordache Jeans for much more (17,500 SF for $60m).