Why NYC Commercial Landlords Leave Storefronts Vacant

Louis Rossmann · Commentary · 16 min · 2020 · YouTube title: Expert breakdown of NYC's overpriced commercial vacancies.

Why it's here

HN uses it as the go-to explanation of why landlords refuse to renegotiate leases and leave units empty.

What it covers

Louis Rossmann explains why NYC commercial landlords keep storefronts vacant rather than lowering rents. He points to commercial mortgage-backed security loan terms and inflated property valuations.