Because the Fed is continuously lowering interest rates and pushing up asset prices?? Commercial space in a city like Boston rarely rents for anything close to

Because the Fed is continuously lowering interest rates and pushing up asset prices?? Commercial space in a city like Boston rarely rents for anything close to 1% per year. R/E has been appreciating at over 6% per year. You're going to make almost 10x as much money doing nothing as you would renting the building - even if the rent was 100% profit (it's not). In this case, the landlord would need to do a ton of repairs and probably wouldn't even cash-flow for 2 years. For 10% more profit? That sounds like unnecessary / excessive risk to me.