At those vacancy rates, the only thing holding up rents is the overwhelming amounts of liquidity in the economic system. Land owners still have cash, in other w

At those vacancy rates, the only thing holding up rents is the overwhelming amounts of liquidity in the economic system. Land owners still have cash, in other words. Back in 2001, I rented an office for free. The landlord could then reduce his property tax rate by showing the city that it was occupied at zero rent. Stranger things might happen this time around with 20% vacancy.