| Show I II F L I i DO BUSINESS HEMS OFF OF MAIN STREET j 1 Location on the One Thorough Thoroughfare I fare No Longer Considered I a Necessity EFFECT OF HIGH RENTS MERCHANTS FORCED TO GO GOTO GOTO GOTO I TO NEW DISTRICT The term tenn one street town Is 18 no longer applicable to Salt Lake Within a period of ot two years ears there has been beena a tremendous shaking up in the busi bust business bUSiness bustness ness district with the result that the th wholesale concerns have pretty prett gen generally moved to West Temple Tempe street and First South and Second South th the depot streets and are now beginning to take in Third South as s the time for opening the new railroad station of the Denver Rio Grande Gr nde railroad ap The smaller stores have moved away from Main street to side streets nearby and many business firms which formerly thought it abro ablo necessary to have hae locations on Main street in order to do business have gone over to State street It is only a few months since ince on one of or the leading realty dealers of the 16 city called attention to the fact that for tor many man years there had been a spread Ing out of ot the residence portion of at the city cit whereas the increase In size of 0 the business district had been small The result of ot this he said sald was a tre tremendous tremendous Increase in the pries prica of rent rentals rentals rentals als for Main fain street locations At the expiration of leases there was generally a substantial raise in tle the rents Many of at the firms refused to pay the increase and changed their places of business Some moved awai ava Only about two years ago when there was a shake up on Main street be between between between tween Second South and Third South So on account of or an increase In rents a abig abig abig big concern declared that the city was wag no good and that they proposed to In move away The ones who stayed have received substantial rewards for tor their Effects of S 0 L 0 L The Increase In rentals also was re responsible responsible responsible it is said for the change In location of a big clothing house to a place In the next block farther south This concern is now practically in the heart of or the retail clothing district The result of the weeding out process has been to bring only the concerns which do the largest business Into the best locations along Main street It i Is II pointed out that these concerns remain there partly because they desire the best locations but also because they are the only ones which can pay pa the ther high ground rentals charged On State street It should be noted there has been something of ot the same clearing out as has taken place on Main ain street although the movement there has been noticed less because the street was not so much traveled and partly because some of the concerns there here were of a character not especial especially ly 13 I desirable for location In the heart of ot the business district Stables black blacksmith blacksmith blacksmith smith shops feed and grain stores were numerous along State street be between between between tween First South and Third South streets only about two years ago As the leases expired rentals were in increased increased increased creased so that these concerns were compelled to seek new locations In commenting on this realty deal dealers dealers dealers ers say that the same thing has not been noticed as much on State street trEet as ason a aon aon on Main rain street and the change has I not created such a stir as the removals and changes brought about on Main Mair street But the he movement has been none the less as rapid and produced results none the less noticeable and far reaching In the growth of the bus business business iness mess district Another reason for the recent devel deel development development of ot State street is the need of ot more room by some of ot the business houses Several new buildings have been erected on State street strett within a year ye or two to accommodate the ex cx expanding of business concerns which formerly occupied narrow spaces on Main street The erection of these new Coa tinned on OD Page Fage Pa Twe I DO BUSINESS OFF I OF MAIN STREET Continued From Page One buildings in most instances simply pro provided provided provided vided an opportunity for expansion of at growing business Rentals in these there new locations were less than on the main thoroughfare to be sure and the choice of the places on State street may probably have Influenced the change The results in any case how however however however ever was the building up of ot almost an entire new block of business bustnes property and the changing of the character of the remaining space on State street between South Temple and South streets The raising of rents along Main street did more than this even It crowded the smaller dealers off onto the side streets Formerly F these deal dealers dealers dealers ers were mixed in with the larger con concerns concerns concerns cerns in promiscuous confusion contusion With the utilization of ot Third South street and the extensions southward on Main M ln street and State by these concerns to escape what they declared were the unjust exactions of at landlords the bust busi business bustness ness area of the city was increased for several blocks on both Main Maln street and andon andon andon on State not to mention the spreading out on both sides of or these thorough thoroughfares thoroughfares thoroughfares fares on South Temple First South Second South and Third South But if It this be so It is said that the rentals have brought about these changes what effect has the erection of the Newhouse buildings had on this change Simply to Increase the ground value and in turn the ground rental of prop property property property erty in the vicinity of the new build buildings buildIngs ings Is the reply of at the real estate dealers There has also been a amoye move movement movement I ment to improve the appearance of business locations lo on the upper blocks blo ks of Main street to counteract the im improvement Improvement Improvement provement made farther down the street One of the leading business businessmen men of ot the city pointed out recently that the rivalry between the property owners of Upper Main Maln street and those con controlling controlling controlling trolling Interests rests near Fourth South was one of the best things In the world for the city since it brought about the improvement of ot one section and the enlargement enlar ement of at the other The move movement mOvement ment went Is simply a clash dash of at Business In Interests Interests Interests and will wUl work out all right just justas as does doea do any honest competition in dif dlf different different ferent business lines Unea is the declaration de mar mail Tt It has ir pd too ton bad had in many instances i ce when when sm small li business business con concerns con conce concerns cerns ce have been tor forced ed out to one side as a result of Increase se In property values and Increased rentals but it has built up the tho city and produced a tre tremendous tremendous improvement not in the tite appearance of the business district but In the general business conditions ns as welt well That the tho change Is recognized by bythe the financial men Is Indicated also alsofrom alsofrom from tram the expansion n of the financial district The Utah Savings Sayings Trust Tr St company was the first to move south uth th thOn on Main street and for fora a time was the farthest away of any of the financial finan fal Institutions Already 3 a new bank has taken takena a location farther south and the new Copper C National bank will be b opened within a few weeks more than thi thana thia tb rl a block b blo ck c Ic south of at the Merchants bank That Th there is a call for a a financial institution in institution in that section of the city dry must JIl st seem to be a fact else these financiers would not risk placing their th tr ir in that locality The change as almost Inevitable and the increase in rates of rentals was only a phase of the movement In the corn com competition petition and struggle for forgo good dIo loca locations locations it was natural that th the bigger men mea mens should WI win out u over tiLe the smaller iller ones O e who were forced to t i ve The result has hs been beert good however t wever as is shown by the larger luger area coV Nid by the business district at t the present tIme ilme with distinctly improved condi conditions con dl tion for practically all business houses Jn the tho city lq |
