Salons and hair led the biggest month-over-month gains in rent collection in April, with increases of 8.21% and 9.97%, respectively, according to the latest Datex Property Solutions’ Tenant Track Report. They were followed by home goods (5.7%), drug stores (4.54%) and fitness (4.24%).
The latest figures demonstrate how far the economy has come from rent collection lows a year ago, when the pandemic froze virtually every facet of American commerce. In April 2020, rent collection percentages dropped 35% from March numbers to 59.73%, and 62.97% for national chains. In April of this year, collections reached their highest levels post-pandemic 89.42% in aggregate and 93.44% for national chains.