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.
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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.