Re:SF's crime debate turns nasty
by PicassoCTs on Wednesday July 07, 2021 @07:07AM
(#27759655)
So the actual data is in the store closures and areas that are abandoned? Store-rent in those areas would go down?
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In general there is a very strong incentive for the landlords/owners of commercial property to keep it empty instead of lowering the rent.
Re:SF's crime debate turns nasty
by hugh-avherald on Wednesday July 07, 2021 @07:39AM
(#27759907)
Rent is not generally affected by vacancies.
Interesting proposition. Given that existing leases are not affected, do you mean that owners would rather take a tax loss than potentially be locked into a lower rent?
Many landlords are highly leveraged and reducing the monthly rent by even 10% would reduce the on paper value of the property to such an extent to put the property into negative equity.
Re:SF's crime debate turns nasty
by PicassoCTs on Wednesday July 07, 2021 @09:07PM
(#27767492)
Asking for theft insurance prices for a store in the area? No action without reaction. If its not entirely virtual, there must be traces.