[via Hoodline]

Next, Uptown Almanac reports that after thirteen years, Therapy’s furniture store on Valencia will close at the end of this month. The landlord increased their rent from $5,700 to $10,500, so, make of that what you will. It’s hard to remain shocked at this point.

[UPDATE: Image by Google Streetview inserted to clarify that the furniture store, on the left, is closing, while the clothing store is remaining open]

From UA:

In conversation, Whelan mentioned that he was never late on rent, and that there is simply “more demand for [Valencia Street] than there is Valencia.” Whelan believes that with the average “consumer on Valencia Street [being] a hyper-affluent tech person,” a Valencia Street store “becomes a billboard to promote [a company’s] brand.” The outrageous rent paid simply becomes another line item in a company’s marketing budget.

You know, like Times Square or something. Cool. Awesome. Love it. I’m sorry, I’m trying not to be so negative. But this neighborhood is being smothered by a huge pile of money. Speaking of money, you can save some by taking advantage of Therapy’s clearance sale!