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@mekkaokereke @Jackiemauro @njudah @sanae Banks are involved too: won’t allow landlords to lower rents or shorten lease duration
“the banks, in many cases, won't let property owners lower their rents enough to fill their properties”
“landlords are sitting on space they can't rent, financed by deals they can't alter”
“If you have a credit tenant (major brand) with a 10-year lease, arguably the building is worth more”https://www.businessinsider.com/bank-financing-urban-planning-pandemic-retail-apocalypse-vacant-storefront-2023-10?op=1