Thursday, September 24th, 2020
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The pandemic has opened the door to a whole host of negotiations about rent abatements, other concessions and lease adjustments between retail landlords and their tenants.
“The pandemic has highlighted the need for many leases to have a greater degree of flexibility to accommodate significant business interruption better,” says Omar Eltorai, market analyst at Reonomy.
Eltorai says the pandemic has produced a greater interest in more flexible lease terms. Now, he expects the percentage lease concept to grow more popular. “While not new, the percentage lease concept will likely become more widespread – particularly in retail,” he says.
Percentage have generally only existed for large retailers, according to Eltorai. “The way that the leases work is that they have one fixed rent component and one variable rent component,” he says. “The fixed component is the base rent, which is generally below market rate, and then the variable component is a
Say hello to the 2021 colors of the year! These inviting new shades all signal calmness and health, two things we’ve missed so much in 2020.
Photo: Scanrail / Getty Images
The coronavirus pandemic has affected every facet of our lives—even, apparently, the colors we should paint our walls. As proof, look no further than the colors of the year for 2021.
The time has arrived when paint companies start rolling out their top hues that embody the era’s zeitgeist. And, with 2020 being unlike anything we’ve experienced in our lives thus far, it’s no surprise that COVID-19 has had a palpable impact on which colors are predicted to dominate fashion and home decor next year.