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Expert breakdown of NYC's overpriced commercial vacancies.

Louis Rossmann · commentary · Watch on YouTube

Investing & personal financeBusiness & economics (other)

What it is

Louis Rossmann explains why NYC commercial landlords keep storefronts vacant rather than lowering rents. He points to commercial mortgage-backed security loan terms and inflated property valuations.

Why Hacker News recommends it

HN uses it as the go-to explanation of why landlords refuse to renegotiate leases and leave units empty.

  • 2 people recommended it
  • 1 different months
  • 1 strong recommendations
  • first 2020, last 2025

What HN commenters said

  1. “Louis Rossmann had an excellent breakdown of why the landlords won't budge on the leases”

    Explains why landlords refuse lease renegotiation due to CMBS loan terms

    jaaames, 2020-09 · Strong recommendation · in “Almost 90 percent of NYC bars and restaurants couldn’t pay August rent”

  2. “doesn't remotely resemble a properly functioning market”

    Explains why the NYC commercial rental market is dysfunctional

    xmodem, 2020-09 · Recommendation · in “Almost 90 percent of NYC bars and restaurants couldn’t pay August rent”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: nyc, cmbs, vacancies, landlords, rent

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