Retail landlords collect less than 15% of rent owed on quarter day
Retail landlords received a fraction of due rent on quarterly rent day earlier this week, with Boots among the big name retailers that withheld some payments.
Data from commercial property management software business Re-Leased found that 14% of rent owed to retail landlords was collected on June 24, down from 20% on the previous rent quarter day in March.
Retail landlords were among the hardest hit property owners, with data showing that rent collection across commercial properties overall stood at 18%, down from 25% in March.
These numbers are based on live rental collection data from more than 10,000 commercial properties and 35,000 leases on Re-Leased’s UK platform.
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