Has anyone had experience with downtown property owners who won't rent their properties. I have worked/lived in several cities where the owners won't rent storefronts. The rest of the downtown is full, but it looks like the downtown is weak because these spaces are empty.
This is, in part, a unique California problem These people have owned the properties for years, and Proposition 13 controls property taxes so they are insignificant. I think a lot of these owners have enough money, so renting is actually more work and gives no desired return. In other cases, the owner is using the property for an income tax charge.
Has anyone found a way to get these landlords to rent. Devious solutions are okay.
(One well known downtown expert says you have to wait until they die. I was hoping for an alternate solution.)