4 ms·
A lot of lessees are deferring, renegotiating, and quite literally walking away from their 5-10+ year lease obligations right now. Not just speculators...a lot
by _curious_ 7y ago
A lot of lessees are deferring, renegotiating, and quite literally walking away from their 5-10+ year lease obligations right now.
Not just speculators...a lot of collateral damage will happen as the bottom drops out :(
- sigmaprimus 7y agoTrue enough after thinking a bit more on it, your right again regarding collateral damage. I had not considered the furniture makers, cleaning staff, coffee services etc... There really is a huge industry that revolves around commercial real estate. I am hopefull that the bottom doesn't completely drop out. One of the worst things for a community is a bunch of empty buildings boarded up just rotting away and inviting ne'er-do-wells to move in and ply their trade.