Coronavirus and the city – Landlords vs. Retailers: Apple UK asks landlords for substantial rent cuts
Apple UK has allegedly asked UK landlords for substantial rent cuts. In an environment where the value of retail space is a fraction of what it was 6 months ago, should we be surprised?
Now that retailing in the UK is starting to open up, we can break retailers into three groups – two you should support and one you should avoid.
While retail vacancy rates in the UK are declining, one in every seven shops is still empty. So is this decline all good news, or is it hiding some potentially bad news?