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Real Estate
Reply to "Why is Friendship heights shopping district so ... unsatisfying?"
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[quote=Anonymous]^ive read they do it because buildings are valued in multiples of the monthly rent, so any reduction in asking rent is a huge write down for their portfolio. Personally I think the taxes on commercial properties that have been vacant for too long should be jacked up so high that taking the write down is the more profitable option. These empty storefronts are a blight on the city[/quote]
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