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Metropolitan DC Local Politics
Reply to "ELI5 the DC loophole that makes it more attractive to have vacant DC commercial real estate"
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[quote=Anonymous]Why is it more attractive to a property owner to have a vacant building than a tenant paying slightly less than the owner would have liked to have charged. In DC you see it all the time. The property owner raises rent. The tenant business owner cannot afford the new rate so they close and go out of business. Then the property in question sits vacant for years. How can the property owner of that property absorb that loss of revenue but could not afford to not increase the rent that was charged which drove the business out? Isn't losing $20K a month more impact to the bottom line than not being able to raise the rent $5K a month. [/quote]
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