Re:The World’s Empty Office Buildings Have Become a Debt Tim...
by mywittyname on Monday June 26, 2023 @01:43PM
(#36483085)
> (for a reason I don't fully understand) landlords felt it better to have spaces remain vacant than to lower rents.
Commercial tenants tend to have very long term leases, order of 10+ years. So attracting a tenant through lower rents has a dramatic effect on the long-term cashflow of a building.
Imagine the salary of your next job determined your salary for the rest of your working life. Would you prefer to stay unemployed or accept a below-market salary?
Commercial tenants tend to have very long term leases, order of 10+ years. So attracting a tenant through lower rents has a dramatic effect on the long-term cashflow of a building.
Imagine the salary of your next job determined your salary for the rest of your working life. Would you prefer to stay unemployed or accept a below-market salary?