Retailers have paid just 13% of rents for this quarter.
In total 22% of the rent for the nation’s shops, offices and warehouses has been collected for the final quarter of 2020.
Rents for Q4 were billed on Tuesday, with the 13% of rent paid by retailers marking the lowest collection rate since the start of the pandemic.
According to Re-Leased, office tenants paid 32%, up from the 22.8% in June, while industrial tenants paid 18.3%, up form June’s 16.2% but down from the 23% paid in March.
Re-Leased analysed data from more than 10,000 commercial properties and 35,000 leases.
About a third of rent owed for the March and June quarter days remains unpaid.