COVID-19 has caused a crisis for building owners and landlords – both in the public and private sectors. Commercial rent collection rates have plummeted across the world and commentators are raising questions over which types of commercial property will remain desirable for tenants to lease and for owners to retain.
As a result, new financial models are emerging that fix rental payments to occupant turnover. This whole new perspective is making building owners and managers look afresh at the underlying operational cost base of their assets.
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