Landlords and investors might see CVAs as an ‘easy’ way to reduce rents for retailers. Landlords in the UK must offer retail customers more flexible leases to help them weather a “perfect storm” of adverse market conditions, according to a report by CBRE. It said the market had suffered from failures and restructuring, changed spending habits and e-commerce. Increased wages and a shortage of EU workers had also had an impact. The report, which was commissioned for the housing charity Shelter, found that landlords were increasingly reluctant to rent out their properties because they could not afford it. In turn, it said retailers need to improve their understanding of consumer behaviour and added that those with a good business model are weathering the storm.
Landlords in the UK must offer retail customers more flexible leases to help them weather a “perfect storm” of adverse market conditions, according to a report by CBRE. It said the market had suffered from failures and restructuring, changed spending habits and e-commerce. Increased wages and a shortage of EU workers had also had an impact. The report, which was commissioned for the housing charity Shelter, found that landlords were increasingly reluctant to rent out their properties because they could not afford it. In turn, it said retailers need to improve their understanding of consumer behaviour and added that those with a good business model are weathering the storm.