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ARTICLE · 18 DECEMBER 2001

Required Parking Spaces In Retail Leases

United StatesReal Estate and Construction
Kenneth Hoffman
Kenneth Hoffman

"Be not denied access, stand at her doors, And tell them, there thy fixed foot shall grow." Twelfth Night, Act I, Scene 4

Despite the increasing speculation that Internet sales will eventually change the way people shop, especially for drug store-related items, retailers in the “drug store” business continue to regard parking availability as critical to a store’s sales volume.  This concern can lead to difficult negotiations over the consequences of a loss of parking spaces during the term of a lease, particularly where loss of spaces is not within landlord’s control, such as eminent domain proceedings for widening roads and similar takings.  The parking lot remains a battleground for lease negotiations.

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