Commercial Collections Crash!

Pre-lockdown commercial tenants’ good standing was 77.07% - these are tenants in the paid on time and paid late categories, effectively tenants who are fully paid by the end of the month.

During lockdown there has been substantial publicity on part or non-payment of commercial tenants. TPN preliminary data highlights the hard truth of commercial tenant collections.

Only 51% of commercial tenants are in good standing for April.

May is more dramatic, with only 40.7% of tenants in good standing.
Retail tenants are the hardest hit, followed by office tenants. Industrial tenants have been the most likely to pay rent in lockdown.

Watch the video for collection strategies!

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