[bombcar]

This is mostly correct. People assume commercial loan terms are like single-family homes "but larger" but they're not. They basically are all custom financial deals with multiple banks and may be over multiple properties. As long as total vacancy isn't below a cutoff the banks will be happy, but lowering rents "just to get a tenant" can harm the valuation and trigger terms.

Part of the reason things like Halloween Superstores can pop in is the terms often exclude "short term leases" which are under six months.

Also when you're leasing to companies, they are VERY quick to jump at lower prices if available, which means that if you drop the lease for one tenant, the others are sure to follow, sometimes even before lease terms are up.