Rent Relief Requests Take New Form as Tenants’ Focus Shifts to Long-Term Health

Published Tuesday, March 09, 2010

As consumers start heading back into stores, retail landlords are finally getting some relief from widespread rent concession requests from struggling tenants, according to industry insiders. In the past year, many retailers have improved their financial standing or disappeared from the landscape altogether. Instead, landlords now face a new trend in negotiations; healthy tenants are asking for permanent changes to their leases in exchange for signing longer contracts or for giving up restrictive clauses. It’s a different dynamic from last year. Then, most requests for changes came from retailers on the edge of financial ...

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