Wisconsin Dells Economic Rent NOT Exceed Contract Rent

Property owners in the Wisconsin Dells commercial district can assess the economic climate by calculating business leasing. 

The amount of rent a property owner is receiving on a leased building is called the contract rent.  The economic rent is the amount of money a property owner would expect to receive if the building were vacant - available to rent.

In a vibrant commercial district the economic rent exceeds the contract rent.  So as a building becomes available for rent - the amount of money the property owner can charge the commercial business operator goes up.

This can be a struggle for Wisconsin Dells property owners who constructed buildings in the last 20 years hoping to get their investment back by renting to business operators.  Time passes rapidly for empty buildings - phone numbers ring less.

The economic rent does not exceed contract rent - and many buildings cannot be rented.  An additional barrier to strengthening the economic climate in Wisconsin Dells is the enforcement of  local policy targeting building appearance.

In a small resort community with a population around 3 thousand people you would not expect a struggling commercial district to designate a public funded position to fine property owners.  As the season progresses expect this effort to push more participants in to the loss category.

Hoping Wisconsin Dells has a successful 2017 Season!

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