EXORBITANT RENTS

Bay of Plenty Times, Volume LXIV, Issue 11933, 27 January 1936, Page 3

EXORBITANT RENTS

■fcUOOO A YEAH FOR one ItOO.M

Hhat he called a spectacular iuduw of high rents iu the city of was revealed by Mr J. G, ee e r . Ilast -Presideut of the AuctionthA, 3 ”'* Estate Agents’ Institute of Kingdom. “A moderateroom >» the city commands aniir 810 ” 18 !^ 118 rent of £2 «t»o per T’ °' vius t 0 its Proximity to a ‘•am door of the Stock Exchange,” us said.

Of ill uedon? 6 , Baved: eveu 11 minute’s prewL e diS r tCh ° f a telephone TBiu e >. WUb 0t ®reat monetary

hi thl"? 11 certainl >’ strike the man ilr R S^ eet US a price >” agreed £ 2min a w^ell " tie discussed the i.j, a-year room with a reporter. sillier ° Ue ° f tllose illß tances where rules aXUeme usefulness or custom 6 reilt ak Custom plays a

large part in city life—and rentals. “You find brokers get in the habit of going to a set of chambers and paying a certain rent when, ten yards further along the street, there will be chambers at a much lower rent. “I believe this particular room was used only for telephoning. The firm occupying it had offices elsewhere, but it may have been used as an office.”