Rent news and archive

Digital fashion collective Xtended Identity to launch rentable NFT collection

London-based Xtended Identity is preparing to launch its first digital fashion non-fungible token (NFT) collection that allows buyers to rent and generate profit from their ownership. Set to drop November 11, each NFT in the ‘Love Warrior’ line will offer an ‘own’ and ‘rent’ function designed to help onboard internet users into the Web3 world....

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Retail

Two-thirds of UK retailers face legal action in July over unpaid rent

Two-thirds of retailers in the UK face legal action in July when the moratorium on aggressive debt collection from commercial landlords ends, new research shows. Almost one third (30 percent) of retailers say they have already faced County Court Judgements (CCJs) from commercial landlords, while 60 percent of landlords have given tenants less...

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Retail

Madison Avenue rents decline

Madison Avenue, once of the world’s most premiere shopping strips, is not in the money right now. The retail shopping area has seen rents nosedive as a result of the coronavirus pandemic. In the third quarter of 2020, the area saw a 17 percent decline in rents. The new average price per square foot is 779 dollars, down 52 percent from the peak...

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Retail

UK retailers pay just 12.7 percent of rent owed on September quarter day

Retail landlords have collected just 12.7 percent of rent due on 29 September, this quarters’ rent day, new data reveals. That’s a 1 percent decline compared to June quarter day. Retail was still the hardest hit sector, and the only one to see rent collection decrease compared to the previous quarter, with offices and industrial assets both...

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Report

UK retailers have now paid 60 percent of rents owed for June quarter

Retail landlords have now received 60 percent of rents due for the June quarter, new data shows. It’s a marked improvement from the 13.8 percent paid by the retail sector on June’s rent day, but still lags behind the industrial and office sectors performing significantly better at 75 percent and 76 percent, respectively. Overall, commercial...

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Retail

What Adidas, Chanel and Moncler need to sell to pay rent on the world's most expensive shopping streets

London - Manhattan's Upper 5th Avenue has claimed the title as the world's most expensive shopping street - at least when it comes to paying rent that is. Retail space on this prestigious shopping streets costs a whopping 3,000 dollars (2,408 pounds) per square foot annually according to the latest edition of Cushman & Wakefield's global...