Eli5: Why are so many office blocks and retail shops in UK that are ” to let” remain empty for months, rather than to reduce rent ? Why do landlords do this?

Question

Eli5: Why are so many office blocks and retail shops in UK that are ” to let” remain empty for months, rather than to reduce rent ? Why do landlords do this?

In: 1189

Answer 1

Because of that shop goes for less all the other shops have arguments for paying less next time.

So while you are thinking about the one shop costing them for being empty for two years, they are looking at the other 30 or 50 or 200 shops wanting to pay less for years.