I think the only thing that's going to save restaurants is that there aren't any retail businesses that could use the same spaces that aren't equally effected. Ultimately if the landlords evict the restaurants who are they going to bring in as replacement tenants?
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As a landlord you want to have a hair trigger to evict restaurants that can't pay rent; why give that guy a chance to turn it around when the next guy is waiting to move in? Stupid landlords will stick with the rule that has worked for them; smart ones won't churn needlessly.
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Either way, ultimately landlords are going to be the ones who take a bath on this because their assets - prime space in crowded cities - really are less valuable than before.
3:08 AM - 20 May 2020
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