> (for a reason I don't fully understand) landlords felt it better to have spaces remain vacant than to lower rents. Commercial tenants tend to have very long

> (for a reason I don't fully understand) landlords felt it better to have spaces remain vacant than to lower rents. Commercial tenants tend to have very long term leases, order of 10+ years. So attracting a tenant through lower rents has a dramatic effect on the long-term cashflow of a building. Imagine the salary of your next job determined your salary for the rest of your working life. Would you prefer to stay unemployed or accept a below-market salary?