{"id":15108,"date":"2019-10-20T00:00:00","date_gmt":"2019-10-20T00:00:00","guid":{"rendered":"https:\/\/clearway.vanillabeancreative.com\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/"},"modified":"2024-04-05T11:14:56","modified_gmt":"2024-04-05T11:14:56","slug":"how-is-the-retail-crisis-affecting-commercial-landlords","status":"publish","type":"post","link":"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/","title":{"rendered":"How is the retail crisis affecting commercial landlords?"},"content":{"rendered":"<p><strong>Landlords are feeling the effects of the retail crisis as shops close and retailers demand cheaper rent.<\/strong><\/p>\n<p>According to analysis by PricewaterhouseCoopers (PwC) and the Local Data Company (LDC), during the first half of 2019, 16 stores closed their doors every day, with only 9 new ones opening. This has resulted in a net decline of 1,234 chain stores on Britain\u2019s high streets.<\/p>\n<p>Just a few of the big chain stores that have gone into administration so far this year include Karen Millen, Jack Wills, Debenhams and Patisserie Valerie.<\/p>\n<p>Other struggling stores including Homebase, New Look and Monsoon have been forced to close stores and request cuts in their rent bills to try to save themselves from insolvency.<\/p>\n<p>A combination of competition from online retailers, high costs and high levels of debt are causing many retailers to put pressure on landlords to slash their rent bills.<\/p>\n<p>Commercial landlords up and down the country are signing legal agreements with their retailers to reduce rent to avoid being faced with empty units.<\/p>\n<p>It\u2019s not just the retailers facing CVAs that are requesting rent cuts though. Many other retailers that don\u2019t appear to be at any immediate risk of insolvency are putting pressure on their landlord to provide rent reductions to keep their rates competitive.<\/p>\n<p><a href=\"https:\/\/www.ft.com\/content\/4e5e1022-8df3-11e9-a1c1-51bf8f989972\">According to the Financial Times<\/a>, rent prices agreed in UK shopping centres in the first half of 2019 dropped by one third when compared with last year. In some of the worst affected areas they dropped by 40 \u2013 60% in just three months.<\/p>\n<p>It\u2019s clear that high street retailers and landlords both rely on each other for their financial success, so it\u2019s important that they work together during this financially challenging time to support each other and strike fair deals.<\/p>\n<p><strong>If you\u2019re a commercial landlord with a tenant who has fallen into\u00a0<\/strong><strong>commercial rent arrears<\/strong><strong>, get in touch with our team of professionals for advice on how to deal with the situation and help collecting what you are owed.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Landlords are feeling the effects of the retail crisis as shops close and retailers demand cheaper rent. According to analysis by PricewaterhouseCoopers (PwC) and the Local Data Company (LDC), during the first half of 2019, 16 stores closed their doors every day, with only 9 new ones opening. This has resulted in a net decline&#8230;<\/p>\n","protected":false},"author":12,"featured_media":16119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"area":[50],"class_list":["post-15108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","area-evictions-debt-recovery"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How is the retail crisis affecting commercial landlords? - Clearway<\/title>\n<meta name=\"description\" content=\"How is the retail crisis affecting commercial landlords? - Read the full story here at Clearway - leaders in property protection - securing tomorrow today.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How is the retail crisis affecting commercial landlords? - Clearway\" \/>\n<meta property=\"og:description\" content=\"How is the retail crisis affecting commercial landlords? - Read the full story here at Clearway - leaders in property protection - securing tomorrow today.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/\" \/>\n<meta property=\"og:site_name\" content=\"Clearway\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-20T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-05T11:14:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.clearway.co.uk\/wp-content\/uploads\/2021\/01\/shutterstock_251068444.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"668\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Clearway Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Clearway Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/\",\"url\":\"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/\",\"name\":\"How is the retail crisis affecting commercial landlords? - Clearway\",\"isPartOf\":{\"@id\":\"https:\/\/www.clearway.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.clearway.co.uk\/wp-content\/uploads\/2021\/01\/shutterstock_251068444.jpg\",\"datePublished\":\"2019-10-20T00:00:00+00:00\",\"dateModified\":\"2024-04-05T11:14:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.clearway.co.uk\/#\/schema\/person\/eca7aae39ad59fdc8ce1bc680f739949\"},\"description\":\"How is the retail crisis affecting commercial landlords? - Read the full story here at Clearway - leaders in property protection - securing tomorrow today.\",\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/#primaryimage\",\"url\":\"https:\/\/www.clearway.co.uk\/wp-content\/uploads\/2021\/01\/shutterstock_251068444.jpg\",\"contentUrl\":\"https:\/\/www.clearway.co.uk\/wp-content\/uploads\/2021\/01\/shutterstock_251068444.jpg\",\"width\":1000,\"height\":668},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.clearway.co.uk\/#website\",\"url\":\"https:\/\/www.clearway.co.uk\/\",\"name\":\"Clearway\",\"description\":\"Temporary and Fixed Technology Solutions, Vacant Property Services and solutions.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.clearway.co.uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.clearway.co.uk\/#\/schema\/person\/eca7aae39ad59fdc8ce1bc680f739949\",\"name\":\"The Clearway Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.clearway.co.uk\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c8148025faf8936f6a5d1d19204a8a64bb211d00bb1ebe67efecf6e314e360c8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c8148025faf8936f6a5d1d19204a8a64bb211d00bb1ebe67efecf6e314e360c8?s=96&d=mm&r=g\",\"caption\":\"The Clearway Team\"},\"sameAs\":[\"https:\/\/www.clearway.co.uk\/\",\"https:\/\/www.linkedin.com\/company\/theclearwaygroup\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How is the retail crisis affecting commercial landlords? - Clearway","description":"How is the retail crisis affecting commercial landlords? - Read the full story here at Clearway - leaders in property protection - securing tomorrow today.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/","og_locale":"en_GB","og_type":"article","og_title":"How is the retail crisis affecting commercial landlords? - Clearway","og_description":"How is the retail crisis affecting commercial landlords? - Read the full story here at Clearway - leaders in property protection - securing tomorrow today.","og_url":"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/","og_site_name":"Clearway","article_published_time":"2019-10-20T00:00:00+00:00","article_modified_time":"2024-04-05T11:14:56+00:00","og_image":[{"width":1000,"height":668,"url":"https:\/\/www.clearway.co.uk\/wp-content\/uploads\/2021\/01\/shutterstock_251068444.jpg","type":"image\/jpeg"}],"author":"The Clearway Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The Clearway Team","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/","url":"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/","name":"How is the retail crisis affecting commercial landlords? - Clearway","isPartOf":{"@id":"https:\/\/www.clearway.co.uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/#primaryimage"},"image":{"@id":"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/#primaryimage"},"thumbnailUrl":"https:\/\/www.clearway.co.uk\/wp-content\/uploads\/2021\/01\/shutterstock_251068444.jpg","datePublished":"2019-10-20T00:00:00+00:00","dateModified":"2024-04-05T11:14:56+00:00","author":{"@id":"https:\/\/www.clearway.co.uk\/#\/schema\/person\/eca7aae39ad59fdc8ce1bc680f739949"},"description":"How is the retail crisis affecting commercial landlords? - Read the full story here at Clearway - leaders in property protection - securing tomorrow today.","inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.clearway.co.uk\/news\/how-is-the-retail-crisis-affecting-commercial-landlords\/#primaryimage","url":"https:\/\/www.clearway.co.uk\/wp-content\/uploads\/2021\/01\/shutterstock_251068444.jpg","contentUrl":"https:\/\/www.clearway.co.uk\/wp-content\/uploads\/2021\/01\/shutterstock_251068444.jpg","width":1000,"height":668},{"@type":"WebSite","@id":"https:\/\/www.clearway.co.uk\/#website","url":"https:\/\/www.clearway.co.uk\/","name":"Clearway","description":"Temporary and Fixed Technology Solutions, Vacant Property Services and solutions.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.clearway.co.uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.clearway.co.uk\/#\/schema\/person\/eca7aae39ad59fdc8ce1bc680f739949","name":"The Clearway Team","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.clearway.co.uk\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c8148025faf8936f6a5d1d19204a8a64bb211d00bb1ebe67efecf6e314e360c8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c8148025faf8936f6a5d1d19204a8a64bb211d00bb1ebe67efecf6e314e360c8?s=96&d=mm&r=g","caption":"The Clearway Team"},"sameAs":["https:\/\/www.clearway.co.uk\/","https:\/\/www.linkedin.com\/company\/theclearwaygroup\/"]}]}},"_links":{"self":[{"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/posts\/15108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/comments?post=15108"}],"version-history":[{"count":1,"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/posts\/15108\/revisions"}],"predecessor-version":[{"id":19518,"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/posts\/15108\/revisions\/19518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/media\/16119"}],"wp:attachment":[{"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/media?parent=15108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/categories?post=15108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/tags?post=15108"},{"taxonomy":"area","embeddable":true,"href":"https:\/\/www.clearway.co.uk\/wp-json\/wp\/v2\/area?post=15108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}