Via Wealth Management
February brought some welcome relief for the country’s retail landlords, as multiple tenants managed to pay all of their rent for the month and the number of those able to pay less than half of what they owed dropped, according to the most recent report from data firm Datex.
According to Datex, between the end of 2020 and February, total rent collections rose 514 basis points, to 90.81 percent. The increase affected both national and non-national retail tenants, with the non-nationals showing a somewhat stronger improvement and paying up to 87.70 percent of the rent they owed in February in contrast to just 81.64 percent in December of 2020.
