Our first formal lease offer on a building as come and gone without success. The problem we seem to be facing is that a brewery needs a rather strange space to fill. 18' clear ceilings, but only 10,000sqft of space. It’s almost a giant cube. Of all the issues I expected in setting up a brewery, finding space in Buffalo wasn't one of them.
The owners we have talked to have all been great guys, but the economics of everything makes it extremely hard to make a deal. No owner wants to take on the risk, or cost of divided up there building, and definitely not at the lease rate we can afford to offer. Seeing as it will be about 6-9 months after signing a lease we can start sell beer we just can't pay the big bucks people are looking for.
So at this point were back to looking at building something new. I really don't want to do that at all. It feels unreasonable to build a new building in a city full of old ones. Next we’ll look into finding one the city has foreclosed on that isn't so broken I can't fix it for less.