U.S.A: 4 years after Covid-19, property companies are tightening up commercial leases

Featured image of the article U.S.A: 4 years after Covid-19, property companies are tightening up commercial leases

An article by Sophie Baqué

Publication

28 March 2024 à 18h00

Updated on 4 April 2024 à 17h46

Reading time

2 minutes

Publication: 28 March 2024 à 18h00, Updated on 4 April 2024 à 17h46

Reading time: 2 minutes

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An article by Sophie Baqué

Publication

28 March 2024 à 18h00

Updated on 4 April 2024 à 17h46

Reading time

2 minutes

Publication: 28 March 2024 à 18h00, Updated on 4 April 2024 à 17h46

Reading time: 2 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
Add to reading list Remove from reading list
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Even as vacancy rates in American malls are at their lowest and rents are rising, property companies are showing less flexibility towards tenants.

In both America and Europe, property companies increased rent rebates in 2020 and 2021 to save retailers from bankruptcy. This included new variable rents within commercial leases and exceptional rebates. 4 years after Covid-19, property companies are less inclined to show financial flexibility.

At Paragon, which owns shopping centres on the...

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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