Friday, 7 August 2020

National retail chains paid 80% of July rent, a Covid high

An increasing number of retailers are finding their rent is no longer too damn high. Major retail chains paid 80 percent of their July rent, by far the highest amount in months, according to a new report from Datex Property Solutions. But despite that positive indicator, many retailers are still skipping rent payments, a distressing sign for landlords. The latest rent collection total compares to Datex’s June figures, which found that 68 percent of major



source https://therealdeal.com/2020/08/07/retail-therapy-national-chains-paid-80-of-july-rent-a-covid-high/

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