3 ms·
Yeah COVID has really tweaked the normal incentives. A lot of these big buildings are very new, and are sitting way below projected occupancy. They just need
by gen220 6y ago
Yeah COVID has really tweaked the normal incentives.
A lot of these big buildings are very new, and are sitting way below projected occupancy.
They just need cash flow to pay their debts.
In contrast, most brownstone owners have only maintenance and taxes to pay. So they have fewer units to move, can afford to sit on vacancies, and have a relatively unique commodity on the market.
It’s been fascinating to see this all play out!