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Metropolitan DC Local Politics
Reply to "More profitable for DC landlords to "sit" on empty storefronts than rent at market rate??"
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[quote=Anonymous]I just googled this question and there are lots of reasons, none of which seem to be generating tax losses. While tax losses are not idea, because you cannot recoup 100% of the loss and therefore you still lose money, it may provide at least some perverse incentive in that it reduces your losses that allows you to hold to a vacant storefront with the hope of getting a higher rent on a long-term tenant in the future. https://www.washingtonpost.com/local/i-always-wonder-why-retail-storefronts-sit-empty-why-dont-they-just-cut-the-rent/2017/06/06/9c43e074-4ac4-11e7-9669-250d0b15f83b_story.html[/quote]
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