That's the trick, isn't it? When you say
Some owners are way too stubborn. I'm sure we can all think of a store/building that has been empty for 5+ years, all because the owner won't drop the rate by one Pelosi dollar.
Would you rather drop your rate by 50%, or keep the store empty? That's an easy one, most owners will keep the store empty (and take the write-off).
But what about dropping the rate by 20%, 15%? Take that deal now, or wait another 6-12 months, hoping for a tenant at 100%?
I live near a suburban "town center", and multiple store-fronts have been vacant for 12+ months. Supposedly the owner won't drop rates -- probably because they don't want current tenants to expect/demand lower rates too?
[Post edited by HWA at 01/17/2019 12:05PM]
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In response to this post by HokieSignGuy)
Posted: 01/17/2019 at 09:31AM