“U.S. landlords, retailers play hardball as mall rent collections plunge”
May 11, 2020
“…with thousands of stores closed under strict lockdown measures and multiple national retail chains crumbling, mall operators’ rent collections have collapsed, raising doubts about their future. Mall operators collected only 15% of April rent and trends are looking worse for May, according to CenterSquare Investment Management, which specializes in real estate…
Retail rents in the United States have increased by 2.6% a year over the past three years, and currently average $21.80 per square foot, according to real estate analytics company CoStar Group. However… the firm to estimate retail rents falling anywhere from 8% to 13% in 2020…”
https://finance.yahoo.com/news/u-landlords-retailers-play-hardball-062049768.html