Retail Lease Concessions Are Increasing Quickly
Once hopeful retail owners offering rent deferrals are now awakening to conditional rent abatement for retail tenants as the pandemic wears on.
Lease concessions for existing retail tenants have evolved since the onset of the pandemic. Once hopeful landlords offering lease deferrals to retail tenants have now been more flexible in increasing concessions as the pandemic wears on. In some cases this includes conditional rent abatement for tenants and new lease deals.