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Raising rents above market price won't bring in more rent. The companies that are screwed either way default, and that's it. At the end of the day, there will s
by hot_gril 4y ago
Raising rents above market price won't bring in more rent. The companies that are screwed either way default, and that's it. At the end of the day, there will still be the same amount of land/offices and similar costs but less demand for them.
- mattbrewsbytes 4y agoYeah I might be off on my comment thinking from the perspective of how sometimes they’ll jack rent up to flip tenants to bigger businesses with bigger wallets. Like if a few tenants don’t renew on a 15 story bldg then jack the rates up to get the rest out and hope for a larger company to lease the full building since they won’t want to build in this economy.
- hot_gril 4y agoYeah, I can see that.