I agree that standardization reduces transaction costs, but the cost to the landlord of having a unit sit vacant for a year seems significantly higher. And, th

I agree that standardization reduces transaction costs, but the cost to the landlord of having a unit sit vacant for a year seems significantly higher. And, there are probably restaurant owners who are operating sub-optimally -- maybe they aren't remodeling because they are scared of what the terms of the next lease will be like.