Commercial property owners have their hands full with rent relief requests from tenants during this pandemic. Many small businesses have seen their revenue disappear, with some questioning whether they are able to pay rent. With landlords putting an emphasis on helping these smaller businesses, bigger companies are seeking relief as well. Commercial Real Estate lawyer Steven Pearlstein is quoted in The Globe and Mail on the state of real estate and the rental market in Canada.
Steven states that the power of these big companies puts landlords across the country in a difficult situation. The full article touches key points on the commercial side of real estate, which includes the views of property owners, landlords, and tenants. Read more in “Commercial property landlords push back against rent relief requests from big firms,” published in The Globe and Mail on April 1, 2020: https://www.theglobeandmail.com/business/article-commercial-property-landlords-push-back-against-rent-relief-requests/