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Hopefully the landlords realize there is not going to be anybody lining up to take over these leases if they evict. Forgiving a couple months so a business does
by captncraig 7y ago
Hopefully the landlords realize there is not going to be anybody lining up to take over these leases if they evict. Forgiving a couple months so a business doesn't have to close is almost certainly the shrewd business choice as well as the moral one.
- digitaltrees 7y agoThe problem is many REITs don’t care. They are so large and so far removed from any one property that they would rather it sit empty for years than lower prices and have that affect the market rate and pull their portfolios average price per square foot down.
- arkades 7y agoStorefronts in NYC routinely stay empty for years waiting for a large corporate client to come along, because the long-term stability and rent beat the pants off of any smaller tenant. Losing the stability and rent, I think they're okay with waiting again.
- masonic 7y agoAbandoned leases then increase the incentive to demolish and replace.