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Retail rent collections are steadily improving. In February, rent collections surpassed 90% among national retailers for the first time since March 2020, when the pandemic began, according to research from Datex Property Solutions. In the same month last year, national retailers paid more than 93% of rents, showing that retailers in this category are inching closer to pre-pandemic performance.

Mark Sigal of Datex says that a few factors are driving rent collections. “For one, there is a commitment to a lease, so it’s part of the basic give and take, he tells GlobeSt.com. “At the same time, most tenants have had some form of coordinated efforts with the landlord, which is the embodiment of ‘we are in this together,’ so that is no small driving force. Plus, for those who have weathered the storm unbroken, there’s an enduring commitment to and belief in their craft. Underlying all of this is an expectation that there is pent up demand from the consumer, which seems logical. The light at the end of tunnel is real based on all of the data we have.”

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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