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Rent collection across the UK is at the highest level since before pandemic

Re-Leased, the cloud-based commercial property management platform, has published its latest rent collection figures across all commercial property sectors. These new figures analyse rent collection two thirds of the way through the current rent quarter, which began on 29 September.  

The figures reveal that, by day 60 of the September quarter (28 November), average rent collection across the UK was at 76%. This figure is the highest number at this point in the quarter since pre-pandemic, with all sectors seeing a significant boost compared to last quarter. At the height of the pandemic, this figure dropped to just 67% at the same point in the quarter. 

 The data also shows a promising development in the retail sector, with rent collection now sitting at 73%, just behind the national average. Re-Leased data has shown that the retail sector has been the hardest hit throughout the pandemic, with rent collection falling to as low as 59% at this point in the March quarter, and has been slower to recover than other sectors. 

Sam Caulton, CFO at Re-Leased, said: “These latest national figures are really encouraging, particularly for retail which is now beginning to catch up with other real estate sectors after a difficult 18 months. We can expect this upwards trend to continue into the next quarter as we see the effects of a return to Christmas shopping in person.”

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