Rent news and archive

Digital fashion collective Xtended Identity to launch rentable NFT collection

London-based Xtended Identity is preparing to launch its first digital fashion non-fungible token (NFT) collection that allows buyers to rent and generate profit from their ownership. Set to drop November 11, each NFT in the ‘Love Warrior’ line will offer an ‘own’ and ‘rent’ function designed to help onboard internet users into the Web3 world....

RetailFeatured

Two-thirds of UK retailers face legal action in July over unpaid rent

Two-thirds of retailers in the UK face legal action in July when the moratorium on aggressive debt collection from commercial landlords ends, new research shows. Almost one third (30 percent) of retailers say they have already faced County Court Judgements (CCJs) from commercial landlords, while 60 percent of landlords have given tenants less...

Retail

Landlords collect just 21 percent of commercial rent owed on March quarter day

Landlords have received just 21 percent of commercial rents due on March quarter day, new data shows. It marks a decline on the previous two quarters, suggesting the UK’s third lockdown has caused the rate of rent collection to soften after seeing some positive growth at the end of last year. That’s according to the latest figures from...

Retail

Madison Avenue rents decline

Madison Avenue, once of the world’s most premiere shopping strips, is not in the money right now. The retail shopping area has seen rents nosedive as a result of the coronavirus pandemic. In the third quarter of 2020, the area saw a 17 percent decline in rents. The new average price per square foot is 779 dollars, down 52 percent from the peak...

Retail

UK retailers pay just 12.7 percent of rent owed on September quarter day

Retail landlords have collected just 12.7 percent of rent due on 29 September, this quarters’ rent day, new data reveals. That’s a 1 percent decline compared to June quarter day. Retail was still the hardest hit sector, and the only one to see rent collection decrease compared to the previous quarter, with offices and industrial assets both...

Retail

UK retailers have now paid 60 percent of rents owed for June quarter

Retail landlords have now received 60 percent of rents due for the June quarter, new data shows. It’s a marked improvement from the 13.8 percent paid by the retail sector on June’s rent day, but still lags behind the industrial and office sectors performing significantly better at 75 percent and 76 percent, respectively. Overall, commercial...

RetailFeatured

Retailers pay just 13.8 percent of rents owed on quarter day

Just 13.8 percent of retail property rents were paid for this week’s quarter rent day, new data reveals. That compares to 19.8 percent paid for the previous quarter rent day in March and again highlights the extent to which the fallout from Covid-19 is affecting the sector. Retail was the most heavily impacted sector, compared to industrial...

Retail

Shop vacancies increase as retailers scout our prime locations

London - The number of shop vacancies continues to increase across the UK as a growing number of retailers prioritize prime retail location. New data indicates that the number of stores which have been empty for more than two years has increased 20 percent, according to commercial property consultancy Colliers International. The increase in shop...

Retail

What Adidas, Chanel and Moncler need to sell to pay rent on the world's most expensive shopping streets

London - Manhattan's Upper 5th Avenue has claimed the title as the world's most expensive shopping street - at least when it comes to paying rent that is. Retail space on this prestigious shopping streets costs a whopping 3,000 dollars (2,408 pounds) per square foot annually according to the latest edition of Cushman & Wakefield's global...