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MIAMI—Even if a landlord offers rent relief to a tenant, there's no guarantee that the retailer will survive.
"With the large retailers and probably more so with the small local businesses, there's no certainty they will make it," Steven J. Solomon, a locally-based managing shareholder at the law firm of Gray Robinson. "In certain markets, like Florida, the summer months are traditionally not strong. So if you're reopening a business in June, there are no holidays and tourism is low and probably will be even further depressed by people's reluctance to travel."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
