The commercial real estate market, of all things, should be able to self-regulate. A property sitting empty is losing them tax money, get too many shuttered businesses together and the property value drops.
Few things market-correct in these late-day capitalism hellscapes, but commercial property either corrects or gets bulldozed and bought by someone who corrects (and maybe rezones) it. Sometimes it just takes a decade or so.
Yeah, it’s
turtlesgreed all-the-way down.The commercial real estate market, of all things, should be able to self-regulate. A property sitting empty is losing them tax money, get too many shuttered businesses together and the property value drops.
Few things market-correct in these late-day capitalism hellscapes, but commercial property either corrects or gets bulldozed and bought by someone who corrects (and maybe rezones) it. Sometimes it just takes a decade or so.