Retail Rent Collections Continue to Increase in September

Retail rent collections are continuing to increase. In September, national retailer rent collections increased to 80% for the first time since the onset of the pandemic, according to data from Datex Property Solutions Tenant Track Report. Total retail rent collections trended behind national tenants at 77%, while non-national retail collections were 73.6%.

“The peak suggests that month-by-month, we are digging our way out of the deep Rent Collections hole created by the pandemic,” Mark Sigal of Datex, tells GlobeSt.com. “Plus, bolstering this rebound is the fact that cities are getting better at supporting retail by making outdoor permitting for seating and operations easier to secure,  and coming up with retail opening standards that better reflect the COVID-19 health of a specific city or community.”