> They were moving out before those rent increases
Have we read the same article? That's not what it says. Where's your source that shows that?
You're focused on stores that I don't even include in what I'm talking. I'm specifically mentioning bars, restaurants, music venues, theaters, clubs, coffee shops, arcades and all such things. I'm not talking about retail stores.
Though I think small boutique stores can be a part of it, and the article specifically calls out an example of a local bookstore that the landlord was trying to push out by raising rent, not that it closed as part of waiding demand. And then it went to say this particular landlord is infamous for doing that and sitting on vacant units.
> the kind of stores that existed pre-net can't compete
That's true for a lot of retail stores, but also doesn't explain why commercial rentals are sitting vacant.
Have we read the same article? That's not what it says. Where's your source that shows that?
You're focused on stores that I don't even include in what I'm talking. I'm specifically mentioning bars, restaurants, music venues, theaters, clubs, coffee shops, arcades and all such things. I'm not talking about retail stores.
Though I think small boutique stores can be a part of it, and the article specifically calls out an example of a local bookstore that the landlord was trying to push out by raising rent, not that it closed as part of waiding demand. And then it went to say this particular landlord is infamous for doing that and sitting on vacant units.
> the kind of stores that existed pre-net can't compete
That's true for a lot of retail stores, but also doesn't explain why commercial rentals are sitting vacant.