renegotiating rents in uncertain times
Posted On May 15, 2020
With communities on lockdown, customers and foot traffic have dried up for most businesses except for grocery and pharmacies. Tenants from, Starbucks to Ross stores are renegotiating rents with their landlords. Who would have ever imagined a time when Starbucks, considered one of the greatest and most stable NNN tenants, would request a rent reduction?