Very true. In Calgary for example, following the drop in oil price there’s a rumor that over 50% of the downtown office space is empty, but landlords won’t drop

Very true. In Calgary for example, following the drop in oil price there’s a rumor that over 50% of the downtown office space is empty, but landlords won’t drop rents for this very reason. In such times you see all kinds of shenanigans such as landlords giving massive concessions and tenant improvements, effectively dropping the economic price of the rent drastically but preserving the “headline” rent number. Go figure.