It would be prudent for the Fed and various market/banking authorities to start poking this as soon as possible.
Either via commercial-to-residential conversion grants, or providing targeted restructuring loans to owners, and owners/managers should start offering the vacant space for free for non-commercial stuff.
Vacancy is bad for cities and bad for inflation.
Sure, maybe it's politically unfeasible, but still, turning up vacancy taxes would motivate commercial landlords to finally stop this wile-e-coyote running-in-the-air.
Either via commercial-to-residential conversion grants, or providing targeted restructuring loans to owners, and owners/managers should start offering the vacant space for free for non-commercial stuff.
Vacancy is bad for cities and bad for inflation.
Sure, maybe it's politically unfeasible, but still, turning up vacancy taxes would motivate commercial landlords to finally stop this wile-e-coyote running-in-the-air.