Property News Property News Retailers Resilient

Retail

Latest statistics from Colliers International show the company achieved a 99% collection rate within seven days this quarter, across their entire management portfolio.

Mark Jarrett, Head of Professional Services at Colliers International commented:

“Despite a challenging climate, retailers have begun to publish some encouraging trading figures, and the outcome for rent collections has also been very good, with nearly all payments received within seven working days. The question now is whether this will be sustained throughout the year.

“There is no doubt that this has been one of the toughest quarters in the last three years and there has been a noticeable delay in tenants paying rent on the due date, an increase in requests for payment concessions; and an increase in insolvencies.”

Glasgow