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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?
Re:SF's crime debate turns nasty by the-dude on Wednesday July 07, 2021 @07:12AM (#27759682)
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.
Re:SF's crime debate turns nasty by adolph on Wednesday July 07, 2021 @07:53AM (#27760018)
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?
Re:SF's crime debate turns nasty by L-four on Wednesday July 07, 2021 @08:01AM (#27760094)
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.