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Re:Alamo Drafthouse Files for Bankruptcy by criddell on Wednesday March 03, 2021 @03:02PM (#26333625)
Does this lead to landlords keeping the space empty than lowering the rent?
Re:Alamo Drafthouse Files for Bankruptcy by splonk on Wednesday March 03, 2021 @04:12PM (#26334623)
I can't find the article, but supposedly yes. IIRC the reason was that the landlord's loan terms are dependent on the income from the building, but that number doesn't recalculate until a new tenant comes in, so accepting lower rent can trigger a large cash call.
Re:Alamo Drafthouse Files for Bankruptcy by bsder on Wednesday March 03, 2021 @05:21PM (#26335571)
Ayup. In addition, the revenue from a missing tenant can often be added to the end of the mortgage.

I've seen retail space in amazingly hot markets be empty for 5+ years now.