>"Can anyone explain the economics of being a NYC landlord and keeping a property vacant for months or years?" Vacant for years is a bit unusual. But being vac

>"Can anyone explain the economics of being a NYC landlord and keeping a property vacant for months or years?" Vacant for years is a bit unusual. But being vacant for months seems to be the norm now. I think this is mostly because the type of tenants that can afford these rents or the ones the landlord wants are big corporate chains. These are entities that don't move very quickly or don't need to move quickly. It seems that vacant stores fronts are invariably replaced by the same 5 banks(Citi, Wells Fargo, B of A, Chase, TD) and the and two drug stores Duane Reade and Rite Aid. These 7 companies have achieved absurd levels of density in Manhattan and it may even be that they are finally slowing these insane saturation campaigns they have undertaken.