Yep, business is struggling and the knock-on effect is commercial property vacancy. That hurts the landlords of course, but probably worse is that many superannuation fund own commercial properties and the lack of income on them affects the growth of peoples investments, mine included. It's a downward spiral, but the mega-rich get mega-richer.
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For sure landlords are affected, but most of them will last longer than the tenants. The majority of landlords have more than one basket and plenty of eggs, a thing that we can't say about some of the small businesses
I'm not sure I totally agree here, but it's complicated and because I'm not working won't elaborate. Sure, the tenants have to go bust prior to the landlord, but not all commercial landlords are wealthy people...Many are self-funded retirees who rely on the income from commercial property...And there's always costs to holding property that needs servicing. So anyway, this answer is a complex one and when I'm getting paid to answer it I'll address it. It's not as simple as you suggest though.
Ok I can understand your point of view and I agree with the matter being far more complex. Retirees are indeed quite in a pickle if the tenants leave, putting your entire life savings in one space and have that income disappear is not easy. Definetely a hot topic
I deal with this stuff daily in my job and it's a huge...Of course it doesn't negate the tenant-issue either...It's linked inexorably.