General
Big retailers are striking cheap deals on rent. Small businesses are not as lucky despite a pandemic downturn
Major retailers are striking “brutal” deals with landlords off the back of the pandemic, but some small stores that can least afford it are back paying full rent and even face rental debts from last year.
Key points:
- A code that made landlords negotiate with tenants on rents during COVID has ended
- Some retailers who are still struggling are back on full rent
- Some are also paying back rental money deferred during the peak of the crisis
A mandatory code of conduct that made commercial landlords negotiate on rents with small- to medium-sized tenants during COVID ended last month in all major states.
Ferguson Plarre franchisee Pranay Mahajan is one of many small businesses still suffering from the pandemic downturn, more than 12 months after it…
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