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 if a Landlord says “you can rent this for less for the moment” then the tenants gonna be like “well why is the rent so high if you can clearly make it work with less” and then it’s outed that the landlords scamming.