August Retail Rent Payments Close To 2019 Levels

Despite the delta variant causing a new wave of restrictions on businesses, most retailers are paying their rent at nearly pre-pandemic levels. National chains have paid 95 percent of owed rent in August of this year. That’s just slightly below the nearly 97 percent paid during the same time in 2019, according to a monthly report by Datex Property Solutions. “There’s resiliency in retail,” Datex Property Solutions CEO Mark Sigal said. The chains included in Datex Property Solutions’ survey have a minimum gross monthly rent of $250,000, or lease 10 or more locations. The report does not account for rent relief provided to retailers by their landlords. Read more at The Real Deal.