For landlords who have percentage rent leases with their tenants, the right sales numbers from the holiday shopping season are critically important.
But this year, getting the right numbers may be more challenging than ever. For one thing, the increase in buy online, pickup in store (BOPIS) and curbside pickup will complicate matters. For another, the pandemic restrictions will make it difficult to conduct onsite audits.
These 2020-specific issues add to lingering problems with transparency, according to Kenneth S. Lamy, founder and CEO of Mandeville, La.-based The Lamy Group,
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
