Commercial Rents for June Quarter Day

Landlords collect just 18.2% of commercial rents for June Quarter Day

A recent article from Property Week has stated less than 20% of commercial rents in the UK were collected by landlords on June quarter day, according to initial data that suggests a stark slump in tenants paying their bills during the Covid-19 downturn.

Commercial property owners brought in just 18.2% of rents on 24 June, marking a drop from the 25.3% received three months ago on the March quarter rent day.

Compared to March quarter when 31.2% was collected, this sector has seen the greatest decline with rent collection falling by 8.4%.