MANDEVILLE, La., Feb. 26, 2021 /PRNewswire-PRWeb/ At a time when valuations of disfavored retail real estate are plummeting because of declining sales at
Retail Property Landlords Must Pause on Rent Relief, Take Longer-Term View on Lease Negotiations and Renewals in 2021, Predicts The Lamy Group
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Without careful sales auditing and verification as leases expire, landlords should not provide short-term reductions that will have negative implications as pandemic subsides later in 2021, says retail financial management thought leader Kenneth S. Lamy
Kenneth S. Lamy
The old normal is not coming back. Some retailers have thrived and paid rent during this challenging time. Others haven’t. As leases come up for renewal, landlords have to start planning for 2021, 2022 and beyond. They can only do so with verified sales data.