Posted on 07/05/2022 7:55:03 AM PDT by george76
That seems like a situation where the owner can cover the cash flow of an empty building (taxes, maintenance, mortgage if any etc.) but does not want to have the building's value drop as a result of signing up a tenant at a lower rental rate. The value of commercial property is often tied closely to the rent the property is receiving or what people think it can get.
Once you lease it out at a lower rate the value of the building decreases.
suppose a commercial rental property lists at 20 dollars per square foot.
is that per-month or per-year?
Per year
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.