Help me understand this. Place has been sitting vacant for 9 months. Client tries to negotiate it down. Leasor will not budge on rent.

BUT THE PLACE HAS BEEN VACANT FOR NINE MONTHS?

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You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman

There's likely more to the story than you have posted.

Well if there is nobody's letting me in on it. Is there a possible advantage to letting it sit vacant?

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You don't need a weatherman to know which way the wind blows - Robert A. Zimmerman

I have no idea. All I know is what you have posted. But it's not unknown for owners to act unwisely.

G R E E D

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1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ...

1995 E 420, 170k "The Red Plum" (sold)

2015 BMW 535i xdrive awd Stage 1 DINAN, 6k, <----364 hp

1967 Mercury Cougar, 49k

2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive (sold)

We're over on the upper east side of Manhattan. There is a very large space at the corner of York and 79th street..........must be 7000 square feet or more..........been vacant for nearly three years.

Never underestimate the stupidity of some of these Landlords............

Commercial leases are as thick as a brick and loaded with more clauses and regulations then tax law.....

I think it boils down to the fact that someone is paying for that lease whether they are occupying that space or not per the terms of the lease. The landlord wants to get every penny possible for that space. Personally i'm on your side, if someone wants to rent your space then you should be open to negotiations on price. I feel that it is better to rent a space for a lower price and have someone their as opposed to having the space vacant and producing no income. (Even if if a previous leaser is still paying off their term the landlord could be making even more money on the same space)

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1982 300GD Carmine Red (DB3535) Cabriolet Parting Out
1990 300SEL Smoke Silver (Parting out)
1991 350SDL Blackberry Metallic (481)

"The thing is Bob, its not that I'm lazy...its that I just don't care."

If the previous company went bankrupt, the landlord may have a claim to the rest of the lease, but it doesn't mean that he'll actually get paid.

True. Either way though make sure you read these leases very carefully before you sign anything.

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1982 300GD Carmine Red (DB3535) Cabriolet Parting Out
1990 300SEL Smoke Silver (Parting out)
1991 350SDL Blackberry Metallic (481)

"The thing is Bob, its not that I'm lazy...its that I just don't care."

The other side is taxes. Lost rent equals lower taxes.

I tried to rent an old BOA building that they had been out of for over 4 years.
They initially were asking 5K and came all the way down to 4600 for a non profit. When I asked why they wouldnt come down to reasonable.. that was the answer....''We write it off''

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1985 300D 198K sold
1982 300D 202K
1989 300E 125K
1992 940T

"If you dont have time to do it safely, you dont have time to do it"

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."

I'm with Brian. Spend some time on MrLandlord. Some landlords can't even successfully calculate their own self-interest.

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1977 300d 70k--sold 08
1985 300TD 185k+
1984 307d 126k--sold 8/03
1985 409d 65k--sold 06
1984 300SD 315k--daughter's car
1979 300SD 122k--sold 2/11
1999 Fuso FG Expedition Camper
1993 GMC Sierra 6.5 TD 4x4
1982 Bluebird Wanderlodge CAT 3208--Sold 2/13

There's as many theories on why the place has been vacant as you can count.

The consolation is that it's impossible to learn all the factors of why it's vacant.

I wouldn't lose any sleep over it - just shop elsewhere for a building to rent, is what I'd do.

I've been looking for a shop space for a few months now and finally put a deposit on a lease in an ideal space and location, which I'll start on May 1st. I'm very used to haggling with cars and just about everything else, but coming to an agreement with these strong type A landlords (despite multi-year vacancies) was like pulling teeth.

I imagine to be successful with a large multi-site properties you have to be very stubborn and consistent. If current tenants catch on that you're able to negotiate, when the next renewal date comes around, the landlords are in for a royal PITA. I didn't consider other reasons that knowledgeable forum members listed.

That being said, by paying the year up front I was able to get 2 months for free. They were able to save face by gaining something (all cash up front) and I got a healthy discount. The other stonewall was installing AC in the unit (how do you expect to get a retail tenant without AC?). They wouldn't cough it up, but agreed to give me a credit for the partial amount they will refund when I choose to move out.

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1985 500SL Euro w/ AMG bits 130k
1984 300SD Turbodiesel 192k
1980 240D Stick China 188k
2001 CLK55 AMG 101k
2007 S600 Biturbo 149k Overheated Project, IT'S ALIVE!!!

Some people are stupid morons. I just talked to a guy today that simply wouldn't listen to reason in regards to the value of his property. He needs to sell it but simply will not understand that it needs $40k-$60k in site work to make it viable. Thus its not worth what a lot on a city street is worth, making the street come to the lot costs a bundle.

My policy with such people is to let them sit, either they will die and their kids will sell it off cheap. Or they will be forced to come to reality because of financial pressures.


Oh the story's I could tell.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Patience....taking it to the next level.

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1982 300GD Carmine Red (DB3535) Cabriolet Parting Out
1990 300SEL Smoke Silver (Parting out)
1991 350SDL Blackberry Metallic (481)

"The thing is Bob, its not that I'm lazy...its that I just don't care."