[imroot]

I rent at a WeWork style building, and have been at this coworking space since 2018.

My rent has consistently been around $700/month. This year, they got a new sales person, a new community manager, and finally started fixing things like the broken coffee machine (which was only broken because the previous community manager didn't want to clean it/stock it), removing expired products from the vending machine, and finally changing out the water filters on the drinking fountains...and the tried to raise my rent to $1400/month, with "No room for negotiation."

Interestingly enough, the minute I started moving things out of my office, we could negotiate a smaller amount of money for rent, but, I'd rather take that $700 and just get an extra bedroom in my apartment: things can be closer and I can do more.

When I moved in to this building, there was a waiting list of people to get in -- now, it's close to 85% vacant...with more and more folks leaving every day.

[pixl97]

Commercial property prices are disconnected from reality.

[AstroJetson]

I'm associated with a non-profit that does robotics. We are trying to find space to grow the program. A local mall that has lots of dead storefronts is close by. We tried to talk to them about a lower lease rate and they were not interested in talking.

I asked isn't it better to get some money coming in and they said that they were able to write the space of against taxable income in the rest of the space. REIT's are weird.