Writing · Capital / Finance / Investing
“These landlords are faced with a Hobson's choice,” Wharton Property Advisors President and CEO Ruth Colp-Haber said.
“Either they can take on more debt so that they can give this huge work allowance so that they can give the free rent so that they can pay the brokerage commission and then lock in this lease at a rate that's half of what it would have been five years ago, or they can let the space lie empty and wait for a better day. And many landlords are choosing the latter.”
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