Great news. A big national-credit retailer wants a shopping-center space that’s currently occupied by struggling mom-and-pop tenants who are barely hanging on in a lease-less, or “at will” basis. The timing seems right to issue these month-to-month occupants their proverbial walking papers and quickly shoo them off the premises to free up the square footage.… Continue reading Evicting a No Lease Tenant
Category: Coronavirus
Retailsphere Surveys Shopping Center Owners, Reveals the Worst Retail Tenants during Covid-19
Retailsphere interviewed dozens of shopping center owners and leasing managers nationwide to gain insights into the best, and more interesting, worst tenants during the Coronavirus pandemic. Of those interviewed, 28% noted a restaurant as their most difficult tenant over the past few months. While the list of difficult restaurants included national brands like Denny’s and… Continue reading Retailsphere Surveys Shopping Center Owners, Reveals the Worst Retail Tenants during Covid-19
Food hall Flexibility: A promising response to the pandemic
COVID-19 has brought into question how big a role food-and-beverage tenants will continue to play in the long-term vision of using socially oriented, experiential concepts to revive retail real estate. The restaurant industry, like many other parts of the economy, enjoyed robust growth until the pandemic struck. Late last year, the National Restaurant Association projected… Continue reading Food hall Flexibility: A promising response to the pandemic
When Tenants Won’t Help Themselves during the Covid-19 Pandemic
The COVID-19 pandemic and subsequent widespread orders to close theaters, retailers and restaurants – or severely restrict their operations – are forcing landlords and tenants to the negotiating table to figure out a way to survive. In many cases, the parties are striking agreements that generally provide a period of rent reduction and then spread… Continue reading When Tenants Won’t Help Themselves during the Covid-19 Pandemic
More Salons Asked for Covid-19 Rent Abatements than Any Other Retailer Category
In a recent survey of property management groups across the US, Retailsphere asked several questions regarding rent abatement requests, specifically looking at which retail categories have made these requests most and least frequently. With over 66,000 units representing over 4,400 shopping centers in every geography in the US, it turns out that salons asked for… Continue reading More Salons Asked for Covid-19 Rent Abatements than Any Other Retailer Category
As Amazon grew, retail focused on food. What will happen after Coronavirus?
Retail has a long history of adapting to changing economic conditions, though profound industry change has never come as quickly as in the past dozen years, as the Great Recession, the rise of Amazon and now the COVID-19 pandemic have rocked physical stores, forcing shopping centers and tenants into a rapid succession of adjustments.Out of… Continue reading As Amazon grew, retail focused on food. What will happen after Coronavirus?
Strategic Actions to Take during Covid-19
We will feel the ripple effect from the COVID-19 pandemic for years to come. As states begin to allow businesses to re-open, foot traffic is still down, anxiety is heightened, and everyone is wishing for a crystal ball. While we can’t tell the future, we can anticipate life beyond these challenges. Here are three ways… Continue reading Strategic Actions to Take during Covid-19
Has COVID-19 Highlighted a Need to Break Up with a Poor Tenant?
Having bad tenants is an inevitability. For some landlords and property managers, the Coronavirus pandemic has highlighted the actions of your worst tenants. They may not be paying rent as sales have slowed or they might not be following local regulations as they open. Regardless of the issues, the stress of recent events has often… Continue reading Has COVID-19 Highlighted a Need to Break Up with a Poor Tenant?
Can small plate restaurants survive Covid-19?
Small plates focus on the community aspect of dining. What was once reserved for the appetizer course, small plate restaurants offer diners to share an experience with one another. Can this type of dining survive through Covid-19? Will people want to share food once restaurants reopen? Before the current pandemic, you may have already noticed… Continue reading Can small plate restaurants survive Covid-19?