That'd be true, if commercial property owners still had to pay their mortgages. Commercial property owners are seeking forbearance agreements with their lender

That'd be true, if commercial property owners still had to pay their mortgages. Commercial property owners are seeking forbearance agreements with their lenders. Forbearance is like hitting the "pause" button on a lending agreement, with the hope that market conditions bounce back and the original loan terms can continue. What that means in practice is that a massive amount of real estate will rot, unused, in one of the most expensive cities in the world.