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So the actual data is in the store closures and areas that are abandoned? Store-rent in those areas would go down?
by PicassoCTs 5y ago
So the actual data is in the store closures and areas that are abandoned? Store-rent in those areas would go down?
- the-dude 5y agoIn general there is a very strong incentive for the landlords/owners of commercial property to keep it empty instead of lowering the rent.
- hugh-avherald 5y agoRent is not generally affected by vacancies.
- adolph 5y agoInteresting proposition. Given that existing leases are not affected, do you mean that owners would rather take a tax loss than potentially be locked into a lower rent?
- L-four 5y agoMany landlords are highly leveraged and reducing the monthly rent by even 10% would reduce the on paper value of the property to such an extent to put the property into negative equity.
- deleted 5y ago[deleted]
- PicassoCTs 5y agoAsking for theft insurance prices for a store in the area? No action without reaction. If its not entirely virtual, there must be traces.