Posted on Feb 22, 2021

STL.News

Retailers to Focus on Long-Term Occupancy Cost Reductions in 2021 Amid Looming 'Rent Deferral Bubble,' Advises A&G Real Estate Partners' Graiser
Jefferies invites a veteran real estate executive to share his insights on lease-restructuring trends among retailers, restaurants, theater operators, and entertainment concepts.
MELVILLE, NY (StLouisRestaurantReview) The following release was published by A&G Real Estate Partners today.  We have republished it on St Louis Restaurant Review because we understand the difficult situation restaurant owners have been placed in during this pandemic.  They need affordable help.  Some landlords quickly sold properties this past year and some even forced new lease agreements to "protect themselves."

Even though capital markets are opening up, U.S. retailers will continue to file for bankruptcy and close stores this year, due in part to their need to repay deferred rent from 2020, warned Andy Graiser, Co-President of A&G Real Estate Partners (A&G), in a conference call hosted by Jefferies, the investment bank and financial services company.

Declining foot traffic only adds to that pressure, added the veteran real estate executive, and it is unclear whether mall traffic will bounce back anytime soon.

"Last year, it seemed as though nearly every retailer in America was asking for rent deferrals," Graiser noted. 
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