Commercial building owners are already facing a flood of pleas for rent forbearance.
Just dealing with tenants’ rent relief requests is going to be a challenge for the industry. Staggering numbers of businesses are suddenly struggling to pay their landlords as a result of the COVID-19 pandemic.
Prologis, one of the country’s largest industrial building owners, says it has gotten rent relief requests from almost one in four of its more than 5,000 nationwide tenants.
Read more...Building owners aren’t panicking yet about rent relief requests via Dallas Morning News