Ive been studying up on this and the big issue is commercial rents are tied to mortgages and commercial spaces are too large to be affordable nowadays. We should encourage commerical space subdivision. Smaller units get leased much much quicker.
Darrell Owens
I was trying to figure out why some presumably desirable urban commercial properties (specifically retail/service) sit vacant for so long and I found this a very interesting read. If there are any experts out there who can provide a solution or even a different perspective I'd love to hear that
Instead of letting their commercial buildings sit empty, surely it would be better for landlords to lower the rent and got some use out of the building, right? Wrong. Here’s why.
