AgentIndustry News

Prime real estate plagued by vacancy

Bureaucracy, renovation costs take toll on property owners
Published on Jul 14, 2004

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by CareyBot

The building has been empty for years. Now the windows are boarded up, the facade is peeling and the neighbors are talking.

Crime, drugs, death, madness? How can something this valuable, tangible and costly fall through the economic cracks? Shouldn't there be a law against leaving a perfectly livable or usable space uninhabited year after year?

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