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Commercial real estate does this, because the leases are so long and turnover is expensive with buildout allowances and such, and they sometimes have weird fina
by jccooper 6y ago
Commercial real estate does this, because the leases are so long and turnover is expensive with buildout allowances and such, and they sometimes have weird financing schemes that penalize the owner if they lease too low. Residential has none of that, so there's minimal reason to hold properties off the market (and it generally doesn't happen.)