By Steve Farrell2021-03-12T14:22:00+00:00
It’s an ‘occupier’s market’ as landlords have lost powers to evict. So how are retailers capitalising on that shift?
In many ways, retailers have never had it so bad. But when it comes to their relationships with landlords, and especially if they’re in grocery, or have otherwise been able to stay open – they’ve never had it so good.
Even before the pandemic, the inexorable rise of online meant retail property values were falling, giving occupiers an upper hand in negotiations.
Now Covid has truly turned the tables. When the government banned landlords from evicting tenants and blocked legal routes to debt recovery last spring, occupiers were effectively given free rein.