The shortfall in rent unpaid by business occupiers is expected to exceed £8bn by the end of the moratorium on eviction of commercial tenants, according to the latest figures from Remit Consulting.
The moratorium is due to come to an end on 25 March, when the next phase of quarterly rents are due.
Remit Consulting’s ongoing study, into the volume of rent and service charge payments paid by occupiers of commercial property, suggests that investors can expect a total shortfall over the three months of the December quarter of around £5.4m. This means that by the start of the March quarter, the total shortfall in rents since the start of the pandemic is likely to have reached more than £8bn.
