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But landlords were cutting rents to lure people to Lower Manhattan.
Landlords, however, were angered recently when Southern Cross said it was cutting rents by 30%, and have been seeking a bigger role in any restructuring of the group.
Meanwhile, many commercial real estate landlords nationwide are facing the dilemma of either keeping rents high and losing occupancy or cutting rents and generating lower returns on their real estate investment, said R. J. Milligan, a real estate analyst at Raymond James.
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In some cases, I've been able to negotiate nonprofits' staying in the same building, cutting back space and cutting rent in half.
Last year it consolidated headquarters operations, which had been split between Belgium and Germany, into one site in Belgium, cutting rent costs and eliminating duplicate jobs.
The episode saw labour organizer and future Socialist presidential candidate Eugene Debs lead the charge against what you might call the Jeff Bezos of his era, luxury railroad car baron George Pullman, who lowered wages for employees in his Chicago-area company town without cutting rent or other fees, sending many to the brink of (or actual) starvation.
The episode saw labor organizer and future Socialist presidential candidate Eugene Debs lead the charge against what you might call the Jeff Bezos of his era, luxury railroad car baron George Pullman, who lowered wages for employees in his Chicago-area company town without cutting rent or other fees, sending many to the brink of (or actual) starvation.
In some cases, said a number of social workers, some immigrant tenants profited from cutting their rent-controlled or rent-stabilized one- and two-bedroom apartments into smaller units, and illegally renting them out to other families.
This has pushed the office vacancy rate to its highest point in four years, cutting into rents.
It has proposed a ban on the future sale of houses as leasehold, as well as cutting ground rents to zero.
They moved to a smaller apartment, cutting their rent to $1,000.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com