High Rents Drive Red Bank Businesses Away

Red Bank seems to make parking such a hassle that it is often easier and more convenient to go to The Grove or in shopping centers up in Middletown and Holmdel. In any event, Danny the steak house owner makes some interesting points.

"Over the last 5 years the pendulum of business has been swinging from a packed downtown to now a number of stores being vacant. The high rents due to landlord greed and/or the high purchase price of these buildings have driven the mom and pop stores out of town. One woman’s rent for 2000 square feet on West Front St. was raised to $7000 a month, needless to say that store is empty now. Parking is also a key issue businesses are leaving Red Bank, unless we address the above problems we could see a lot more empty stores."

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