I find it interesting that rental rates are still so high. If everyone knows this is the next wave to hit the real estate market isn't some cash flow better than none. Is a new tenant more likely to rent in a complex with additional tenant occupancy for foot traffic than one that looks abandoned. I do not understand the high rental rates which causes high vacancies. There are businesses that are doing well in this economy and expanding, especially here in the West Valley but commerical rates do not appear to be coming down despite all the trending signs. My expertise is not in commercial so I wish someone would educate me. Just not getting it.
http://realtytimes.com/rtpages/20100108_comm.htm
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