Landlords brace for worst quarterly rents day

Empty shop

Retail landlords are bracing for what could be the worst quarterly rent day ever, when what is paid could be as little as 10% of what is owed.

The British Property Federation anticipated that as little as 20% of retail occupiers would pay third-quarter rent due tomorrow, although Retail Week understands that number could be as low as 10%.

Althugh non-essential stores reopened last week, property experts said that the collapse of retailers’ earnings during lockdown and the government extension of a ban on forced evictions meant tomorrow would be the worst rent day recorded for landlords.

One property source said: “It’ll be about 10% or 15% who end up paying. That’s going to be the lowest return in terms of rents on a quarterly day in history. For landlords, this situation is completely unprecedented. There’s no doubt this has been the worst period for property landlords ever.”

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.