REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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Are Retailers Really Getting Rent Reductions?

No doubt retailers are feeling the pinch of this current national economic recession.  National retailers such as Mervyn’s, Circuit City and Linens N’ Things have recently left sizeable holes in San Antonio retail centers.  Taking cues from other big industries, many retailers are looking for their own bailout benefits – some need more than others.  The bottom line is that retailers are asking for help putting landlords in a tough position.  If convinced that decline in sales warrants a break, landlords may be in a position to help but they are certainly entitled to ask for something in return (elimination of co-tenancy requirements, relocation rights, etc.).  In this economic environment, everyone has to work together to some degree.
Check out this interesting GlobeSt blog discussion regarding retail rent reductions. 
 
 
Link to mentioned Retail Guide to Occupancy Costs article:
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