A reader sent me this real estate listing for a nice building downtown.
Obviously rentals are being reduced because of what the City is charging for the sublet at the Canderel building and because we have a huge office vacancy rate (30-50% depending on whom you ask).
So not only is the City competing with the private sector, its low rates are pushing rates down too at a time when we have a glut of office space and no reason to hope that people are moving back downtown.
His comment:
"Instead of $3.50 why not simply say ZERO. Amazing where this city has gone to in such a short period.
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