Retail rent collections increased in July compared to earlier months during the pandemic. According to data from Datex Property Solutions, retail rent collections were 68.8% in mid-July, a 14.7% increase compared to mid-June and a 36.6% increase compared to mid-May. The increase in rent payments was likely due, at least in part, to the initial re-opening of the economy as well as retailers learning to serve customers in the new market.
DEI & I.D.E.A.S Team
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