Colliers Canada report reveals one in five Canadian commercial tenants requested rent relief for April
Colliers International Group Inc. - Subordinate Voting Shares (CIGI)
Last colliers international group inc. - subordinate voting shares earnings: 4/28 07:00 am
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Source: GlobeNewswire
VANCOUVER, British Columbia, May 01, 2020 (GLOBE NEWSWIRE) -- A new Colliers Canada report shows that 21 per cent of 7,100 retail, industrial and office tenants surveyed requested April rent relief as Canadian businesses continued to slow or shut during the COVID-19 pandemic. Of these commercial tenants, close to half indicated that they could not afford to make their rent payment. The Rent Relief Requests: Key Drivers and Owner Recommendations report surveyed commercial tenants across Canada and revealed four key drivers of rent relief requests: Tenants whose businesses were completely closed were 3.4 times more likely to request rent relief than tenants who were partially open, open remotely, or open.Small business tenants were 2.7 times more likely to request rent relief than regional, national or international tenants.Retail tenants were 2.3 times more likely to request rent relief than office and industrial tenants.Tenants without access to municipal government su
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CIGI
Earnings
- 5/2/24 - Miss
CIGI
Sec Filings
- 5/2/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/2/24 - Form 6-K
- CIGI's page on the SEC website