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Colliers: 16 per cent of CRE tenants paid no rent in May

from Real Estate News EXchange

Colliers: 16 per cent of CRE tenants paid no rent in May Real Estate News EXchange Colliers Canada says 16 per cent of commercial tenants did not pay rent in May and the commercial real estate company expects a further decline in June collections before things improve... assuming the reopening of businesses continues. Colliers said it anticipates a lag of six weeks between reopening dates and an uptick in collections. That’s because businesses and consumers need time to assess the situation as the COVID-19 pandemic continues. READ MORE

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