[bombcar]

It’s much more common in commercial real estate but people confuse the two.

Some very select markets may have an actual problem if foreign money laundering is a thing (as I’ve heard is true of Vancouver).

[asdfasgasdgasdg]

Yeah, I have noticed lots of commercial vacancies in NYC. My understanding is that this is because the leases are so long and thus the prices are not as adaptive.

[bombcar]

And commercial loans are VERY dependent on "building income" which is calculated based on lease rates, even if not "leased" in some cases.

Lowering rates can cause loan problems.

[asdfasgasdgasdg]

Makes a body wonder why buildings don't just sell their ground floor real estate to get it off the books. There must be some reason, otherwise they would, but it seems like a neat solution to the problem.