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leagle89 t1_jb193jo wrote

I can’t say for sure, but I get the sense that CP rents are higher than pretty much any comparable neighborhood in upper NW. which seems completely counterintuitive…I would assume that rents would roughly reflect the market. You’d think rents would generally hover around the upper limit of what businesses can/are willing to pay. But it seems like high rents are consistently driving CP businesses out of business. I have no idea why developers keep rents at a level that basically ensures there will be no steady business…you’d think steadily collecting slightly lower rents would be better than not collecting higher rents. But hey, what do I know?

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FolkMetalWarrior t1_jb29j9a wrote

If it's anything like NY, lowering rent would revalue the property lower, which the property owner probably doesn't want to do; so they let it sit empty and write it off as a tax loss. Its a terrible end result for a community.

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