Will a Vacancy Tax on Commercial Properties Save Downtowns? Probably Not.
Commercial Landlords Are Down—Now California Wants to Finish the Job. California’s Senate Bill 789 is a vacancy tax pitched as a cure for downtown decay. But tenants should ask: what happens when you tax the landlords out of existence? The proposed bill would slap a $5-per-square-foot annual tax on commercial properties vacant for 182+ days, […]