Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Metropolitan DC Local Politics
Reply to "More profitable for DC landlords to "sit" on empty storefronts than rent at market rate??"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]In the commercial world ten years is a short lease. When businesses lease space they want to be able to count on being there as long as they need to. If a landlord believes that current rates are below the long term future rate, it makes sense to hold out for higher rates in the future. As we come out of COVID nobody knows what the future holds. Commercial rents are low right now. Waiting to see what happens makes perfect sense. Vacant storefronts create what economists would call a negative externality, it makes perfect sense for the city to tax vacant commercial property at a higher rate and enforce it aggressively to encourage landlords not to leave their property vacant. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
