Here in the Bay Area (and I’m sure it’s happening all over the country) there’s a news story nearly every day about another restaurant that’s permanently closing its doors because they can no longer pay their rent after either being closed completely for months or not making enough money on carry-out alone.
It’s a terribly difficult situation with no easy answers, but… If you own a commercial building and are leasing space to a restaurant or retail store, what good does it do you to evict them if they cannot pay the rent? Absolutely nobody else is going to move into that vacant space right now; maybe not for a long time. You get nothing. But if you can arrange to suspend rent collection from your current tenant until they can be fully operational, at least you know you’ll begin collecting again much sooner than if they closed permanently.
It’s not exactly a win-win, but at least it’s less of an everybody-loses. Why aren’t we seeing this happen?