US retail rent collections reversed course in November, following several months of consistent growth. Last month they declined .41%, according to data from Datex Property Solutions' tenant track report.

Retail rents collections posted its first major reversal in April, falling a startling 35% from March; however, since the initial market disruption, rent collections have steadily increased.

"Thanks to constructive action between landlords, tenants, municipalities—easing permitting on outdoor activities—retailers course correcting when they could for COVID, and the PPP loans, which provided a backstop, a lot of businesses were saved and a rebound began. Each of these pieces was integral and as a result we saw six straight months of collections growth. In November, we'd squeezed the last bit of toothpaste out of the tube, and were essentially flat," Mark Sigal of Datex Property Solutions, tells GlobeSt.com.