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valoremz t1_j624s6j wrote

Reply to comment by brownredgreen in Mayor Adams unveils proposal to convert Midtown offices into apartments by psychothumbs

Can someone elaborate on why anything has to be done with empty office space? I assume that whoever is leasing the space is still paying for it even if employees aren’t coming in, no?

I’m genuinely curious. What should a government do about empty offices that are not being used but are being paid for? And if they’re not being rented, then doesn’t that simply mean the landlord is still on hook for the monthly mortgage and property taxes?

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damnatio_memoriae t1_j62nsq8 wrote

leases don't go on forever. we're nearly three years into the covid era. certainly leases have expired in that time or been broken, and as time goes on, surely more will expire.

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