What Simon’s latest results say about the landlord-tenant divide in retail
Inside Retail
FEBRUARY 21, 2024
That’s for the obvious reason that when Simon’s income goes up it is partly because his tenants contribute more in terms of rent and other occupancy costs. And right now it appears that the landlord is winning the little tug-of-war because the productivity of mall space is not increasing, but retailer occupancy costs are.
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