I suspect some of it is tax liability. (I am not an accountant) but I think you can deduct the “loss” of rental income you didn’t get against other properties y

I suspect some of it is tax liability. (I am not an accountant) but I think you can deduct the “loss” of rental income you didn’t get against other properties you may own. If the ammount of the loss is “rent you could have gotten but didn’t” instead of “market rate”, you’ll just keep the rent high. I’m in Cambridge MA and the Harvard square movie theater sits empty 5+ years and i can’t think why excepting financial shenanigans. (Though apparently there is finally a plan to redo the building)