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National retail rent collections are increasing after several months of declining collections. According to Datex Property Solutions’ latest Tenant Track Report, retail rent collections hit 77.2% in July, up from 68.1% in June and 57.2% in May. The increase in rent collections may be a sign that retailers are adjusting to new regulations and shopping norms.

“There are a few variables driving the uptick in retail collections since the lows in April,” Mark Sigal of Datex Property Solutions tells GlobeSt.com. “One, we have moved into a period of “new normal” where the merchant categories that required re-factoring or re-configuration to accommodate social distancing protocols have done just that, making it easier for these operators to generate income, which is their “oxygen” to pay rent. Case in point, Restaurants have gotten better at accommodating takeout and delivery services. Additionally, beauty supply operators have better integrated online buying with local pickup.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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