Quoted from John_in_NC:39 in 25 out. About 40% canceled for one reason or another. That's pretty big (so far). If I was running a business and I had 40% of my clients leave, I would be looking for a reason or a remedy. I would suggest the main problem here is "the rent is too high!"
If he sells all the LEs which is likely than the rent isn't too high. The question is the rent on the Standards. How many of the 40% that dropped out will jump back in if the distributors start selling Standards for around $6.5k. This will be hard for some LE buyers to swallow given the minimum difference but could certainly happen if there are plenty of "renters" still wanting to move in.
I was in from the start and still am but have questioned dropping out watching all the new pins at Expo. This has nothing to do with MMR but too many great pins and too little room.