Quote:
Originally Posted by Simplicity
If somebody lets the lease expire on an existing space and takes up in a new one, they aren't creating any increased aggregate demand. they're actually creating less relative demand and you're helping to drive down the aggregate value of rents. The rest of the story is over your head so I'll stop there.
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Exactly. It's the same as how the government (especially in MB) LOVES to talk about "jobs created" when the majority of them are just people leaving/finishing other jobs to take them. Not actually NEW jobs or added value, just new job vacancies.