[bigdollopenergy]

From what I've read, in the case of commercial lets there's a good reason for this.

The companies that manage these properties acquire/refinance loans based on the value of their assets and the value of their assets is mostly determined by the rent they ask for, much less the rent they are actually getting. This leads to commercial landlords refusing to budge on a ridiculous price that was determined in different market conditions and as a result will opt to leave it vacant.

Taking the lower price would adversely affect their access to financing and could put them under water (they already were) on their loans.

Why these agreement/loans don't take this problem into account to prevent this situation is a total mystery though.