The Never-Ending Uphill Retail Struggle: Who Will Prevail?
Covid-19 has accelerated retail decline by virtually eliminating international tourism and triggering compulsory quarantines that keep consumers at home. Rent deferrals are now a forgone conclusion and rent concessions likely forthcoming. Despite the apparent constant stream of bad news, there are always relative winners and losers in the sector. This provides an opportunity to make investment decisions based on property-type, tenant concentration and the financial situation of each owner.