Covid-19 and retail: A time for pragmatism and partnership
Turnover-based rents could be one way of helping retailers get through the tough times when the crisis has abated
We are in completely uncharted waters in real estate and no sector will be more affected than retail. Other sectors of the market such as the office and industrial sectors should be less so.
The convenience (food sales) element and pharmacies are relatively unaffected, but for the comparison (fashion, cafés/restaurants etc) retail sector, which was already buffeted by the growing trend in online sales, this latest crisis may sound the death knell for some businesses...
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