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<p>[QUOTE=&quot;krispy, post: 675472, member: 19065&quot;]Sure commercial space in Manhattan is priced higher than the outer boros, because there is a limited amount of space that is in high demand to be leased and this space provides a retailer/business owner with exposure to a leading market that exists in Manhattan.</p><p><br /></p><p>The cost of doing business is not primarily driven by rent, but it is the highest cost factor of a business owners overhead <u>no matter where</u> you lease it. This would be true whether in Manhattan, Bronx (or any outer boro), suburban areas outside the city, upstate counties or elsewhere more remotely located. </p><p><br /></p><p>The fact is that the cost of doing business in Manhattan is what business owners seek and pay a premium rent price for in trade for exposure to one of the fastest paced, highly trend based consumer markets, in one of the most densely saturated markets,&nbsp; competing for and charging premiums for the convenience of having all of this materiality in one place, to cash in on a consumers desire of immediate satisfaction, and perceived dream of being on the leading consumer edge.</p><p><br /></p><p>The fact that the coin market is not a key trend market, no matter where it&#039;s located and only serves a minority of the overall consumer market where ever the business is located, such a shop carries with it substantial overhead costs (in terms of value of inventory, security, insurance, etc.) compared to other retail businesses, whether corporate based or independently owned/operated, means that despite the type of dense fast paced market mentioned above, a traditional retail coin shop in Manhattan will find it nearly impossible to match enough sales in this market to break even let alone realize a regular profit in return for operating in this market. Coins are not that in demand in this market place for a business owner to find it necessary to fill their customers demands for such merchandise.</p><p><br /></p><p>As I stated in a previous post, eliminating the costs of overhead, by setting up shop online or moving out of urban centers to areas of lower rent allows a retail dealer more flexibility and access to other markets and venues to seek out their customers, such as: travel to coin shows in neighboring markets, being there for customers that travel into your market to visit your store, involving in e-commerce, auctions, estate sales, flea markets, etc. All of these offer more opportunity to realize profit for the majority of retail coin shop dealer. Hence, there are very few (next to no) dealers of traditional retail shops in the city but you will find many still exist in midsized cities, and especially suburban areas or those places defined by antiques malls and markets throughout the country where consumers are willing to seek them out. This is not primarily due to rent cost alone but access to the appropriate market. Manhattan is not a primary coin market, especially since most people interested in collecting can shop online, and enjoy the convenience of having purchases delivered. City life is in great part defined by such convenience. This is even more true given the pace and complexity of life in the city where traveling across town to peruse a coin shop&#039;s current inventory is a major investment of a collectors time and energy better spent elsewhere doing a number of other things.[/QUOTE]</p><p><br /></p>

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