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.

In an interview with GlobeSt.com, Mark Sigal, CEO of Datex Property Solutions, noted that when compared to April 2019, "we still have room to grow since, in contrast to April 2021 and April 2020, the April 2019 collection numbers were 93.27% in aggregate, and 96.12% for nationals," he said. "There is more upside."

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