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Mall rentals fall up to 50% as second Covid-19 wave hits business

Developers non-committal about rent waivers, offer longer revenue-share periods

Topics
Coronavirus | Malls | Coronavirus Vaccine

Raghavendra Kamath Viveat Susan Pinto & Samreen Ahmad  |  Mumbai/Bengaluru 



Mall rentals fall more than high street rentals in top cities
Mall rentals fall more than high street rentals in top cities

Mall rentals plunged 40 to 50 per cent in top cities in the first quarter of 2021 and could fall further, according to consultants who help lease these properties, with the second wave of Covid-19 hitting businesses across sectors. This is the steepest decline at least in a decade, they said.

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First Published: Fri, May 07 2021. 06:10 IST

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