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Rent is a very third wave problem too, at least in London, LA, NY etc...commercial rates in Italy outside the tourist centres are laughably low, relatively speaking. The amount my mate pays to his landlords to keep the doors open here is astonishing.
Jung-
I wonder how much, if any, that will change. It's all well and good demanding $shitloads for rent, but if there's no footfall due to covid and businesses simply can't afford to pay, there's no point landlords kicking out tenants coz there's no bugger to replace them!
So, might we see a global commercial rent drop?
hippy
I think that's a very third wave problem, these places are old fashioned businesses, the bottom line is everything so they're gonna buy the cheapest beans they can get away with...