Sarang Shah on Nostr: “To the contrary, property owners may find a tax benefit in writing off vacant ...

“To the contrary, property owners may find a tax benefit in writing off vacant retail space. And they may be wary of lowering rents to fill those spaces, for fear of admitting to investors that a building’s profitability has declined” #SanFrancisco

https://www.nytimes.com/2023/09/04/upshot/cities-downtowns-vacant-storefronts.html?campaign_id=49&emc=edit_ca_20230906&instance_id=102044&nl=california-today&regi_id=65463656&segment_id=143869&te=1&user_id=0fb88d65b35484ade1a95e044a1d3d57