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And, presumably, the big chains agreed to longer term leases in order to get into the space. At this point, the landlords have zero possibility of getting the
by bsder 2y ago
And, presumably, the big chains agreed to longer term leases in order to get into the space. At this point, the landlords have zero possibility of getting the same rent so they're certainly not going to allow these leases to be bought out or sublet.
The solution, as always, is a vacancy tax. The problem here is that these drugstores may very well still be paying rent which makes defining "vacant" a bit difficult.