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

If you rent it out for 1k a month within 1 day you make 24k in in two years

If you manage to rent it out for 1.5k im 4 months you make 27k in the remaining 18 months and 500 more every month in the future.