Farmer's Market Rent Expected To Increase For Tenants

Posted at 5:42 PM, Mar 09, 2017
and last updated 2017-03-09 20:07:58-05
Business owners inside Nashville's Farmer's market, are expected to see their rent almost double by this time next year. 
Business said they knew the rent was going to go up eventually, but they thought other promises would be kept, like more parking for their guests.
"We're going to have a parking issue in here come April and May, and that's not resolved. We don't see it being resolved," said one business owner.
The Farmer's Market business owner, who wished to remain anonymous told NewsChannel 5 there is a host of problems on the property, none of which has any timeline of being fixed.
"The patios, the air conditioning systems, lighting, exterior lighting if we're going to be open at 6 p.m. we need exterior lighting," said the owner.
The Farmers' Market is considering big changes for the business owners inside the Market House. 
The board is looking at three plans to raise the rent. Business owners said the changes are coming to keep up with competitive rates of nearby properties.
"The arcade and Germantown, which is to be expected. But they also have parking. They have patios. They also have everything that's promised to them, and we don't have that," said the owner.
As the rent goes up, tenants are hoping other promises will be held up as well.
"As of February 2018 your rents going up. And that's fine, let it go up just give us what we need too, to operate our businesses to pay this high rent," said the owner.
NewsChannel 5 reached out to the Farmer's Market for an on camera interview, but the spokeswoman was not available.
A meeting was scheduled at the end of March to make a final decision on the rental rates.