Which Tenants Asked for Rent Abatement Most?

Retail data and software vendor RetailSphere surveyed 3,300 of its shopping center clients, who have 60,0000 tenants, to find out which tenant classes are requesting abatement now that many government-mandated closures have been lifted.

Photo Courtesy of Getty Images.

Salons are the shopping center tenants most likely to ask for a rent abatement, while child-related retailers are the ones least likely to need one, according to a survey.


Retail data and software vendor RetailSphere surveyed 3,300 of its shopping center clients, who have 60,0000 tenants, to find out which tenant classes are requesting abatement now that many government-mandated closures have been lifted.


On average 30.6 percent of all salons requested rent abatement. Fitness-related retailers were the next biggest group of tenants asking for rent abatement, with an average of 16.3 percent requesting rent abatements. National brands/franchisees ranked third, with an average of 12.2 percent requesting rent abatements.


Photo Courtesy of Weirton Daily Times.

These categories needed rent abatements as a result of frequent forced closures, and in many cases, state mandated delays in re-opening. These delays have been especially problematic for gyms.


The industries with the fewest rent abatement requests were child-focused businesses, with just an average of 4 percent requesting rent abatement, followed by medical-related (6 percent) and food-related (8 percent) shopping center tenants requesting abatements. 


2020 ICSC.

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