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

Alot of these people don’t Need the money, they Want it.. Ibiza where I live now is terrible for it , landlords would rather have noone than to lower their rent even a touch… I know bar owners that rent the space who have been kicked out because the landlord wanted to up the rent,, the building usually stays empty for another 6months