Commercial landlords collected just 18% of rent due on June quarter day.
Hammerson reported collecting 16% of rent due after the June quarter day, less than the 37% it received in March. British Land said it collected 36% in Q2, having received 43% in Q1.
On this year’s June quarter day, landlords once again collected 18% of rent due, according to figures from Re-Leased, which was the lowest the collection has been since June 2020. Retail landlords collected the least with 14% of rent due, in line with what was collected in June 2020.