Office sector is the best rent payer among commercial tenants
The office sector remains the most financially troubled as tenants downscale and this is expected to continue into 2022
Of the three major commercial property sectors, the office sector recorded 71% of tenants in good standing with rental payments in the third quarter of 2021, a TPN Credit Bureau report showed.
The industrial sector came in at 70% and the retail sector recorded just 64% , according to TPN. Those considered in good standing pay their rent in full and on time...