A friend of mine is a commercial landlord in NYC. He told me how this works... Companies will seek extremely high rent, and make concessions to the tenants to o

A friend of mine is a commercial landlord in NYC. He told me how this works... Companies will seek extremely high rent, and make concessions to the tenants to offset the high rent. E.g., rent this space for $50k/mo, and we'll give you free storage, free power, and free construction build-out. Then the landlord sells the building with the ultra high lease included as an asset, to get an even higher value out of the sale. Rinse and repeat. The amount of money they get from the sale of the property with the high lease offsets the loss they're taking by keeping it empty. And they don't have to bother with as many annoying tenants.