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Rossmann had some rant recently about NYC, talking about how the loans developers get when building out buildings tend to demand a certain minimum rent (or, if
by rtpg 3y ago
Rossmann had some rant recently about NYC, talking about how the loans developers get when building out buildings tend to demand a certain minimum rent (or, if you don't meet that, you gotta basically show up with more capital). This leads to the whole "empty spaces but rent not dropping much" thing.
I get there are costs with having people in the building but at one point it would be nice for society to just be like "let's not leave stuff entirely empty"