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Retail Segments Who Thrived Through COVID
Apparel sales in general plummeted 34% during the latter half of 2020, athleisure sales held strong. Work from home and quarantine policies spurred demand for comfortable, functional clothing. Consumers also sought technical gear for healthy lifestyle and wellness activities. Lululemon delivered a..
Part One: COVID-19 (Landlords)
This two-part post is not intended to re-hash the devastating effects of COVID-19 on the retail landscape but rather to examine how its occurrence impacted landlord and tenant relations and lease conversations. Landlords and tenants are working through myriad issues of back rent collection and how to address future pandemics within…
Part Two: COVID-19 (Tenants)
As counties and cities across the country lift restrictions and we face our “new normal,” retail tenants are cautiously exploring their real estate options. COVID-19 brought to the forefront the importance of pandemic protection in lease contracts. A previous blog post…
Three Mistakes of Retail Lessees
Not adhering to established physical site criteria. A site search should begin with defining the physical site requirements. You should be able to answer these questions: What size of space is most…
Five Lease Clauses to Understand Before Signing Your Lease
Outside of negotiating the deal economics of rent, free rent, allowances, and credits, the terms of your lease may have restrictive and, in some cases, costly repercussions. We always suggest…
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