Rent Inflation Remains a Pressure Point for Small Biz
The average monthly share of rent in total payments through May is 9.1 percent nation-wide, up significantly from the 2019 average of 5.9 percent, according to new data from Bank of America.
FRIT Earnings Plunge in Second Quarter
Retail landlord Federal Realty’s earnings plunged in the second quarter as rents declined amid shutdowns and the company negotiated rent deferrals totaling 10 percent of its recurring rents.
Report Predicts Steep Office, Retail Rent Drops
Office rents are expected to decline by 14.3 percent in Greater Boston while retail rents drop 9.7 percent in 2020 as the two property sectors absorb the effects of the COVID-19 pandemic, according to a research report.
