3 ms·
Those malls don't have paying tenants while they're empty though. Big tech companies aren't going to keep paying leases they don't need forever.
by modeless 4y ago
Those malls don't have paying tenants while they're empty though. Big tech companies aren't going to keep paying leases they don't need forever.
- KerrAvon 4y agoThey are if they have contracts specifying that the must do that. Or possibly can negotiate a payout, but I imagine it won’t be cheap.
- ffggffggj 4y agoMusk is doing this now by holding up a refinancing of Twitter’s building by defaulting on the rent. Anyone with a big enough war chest can just stop paying, drag it out in court, and wait the owners out. And tech companies have some of the biggest war chests.
- kibwen 4y ago> And tech companies have some of the biggest war chests. Most tech companies do, but if reports of Twitter's finances are to be believed, they do not.