April 1, 2020

‘Tsunami of Tenants’ Missing Rent Payments Expected in New York City

Mentions News

Commercial Observer

As the novel coronavirus pandemic forced retailers to shut their doors and office tenants to work from home, commercial landlords are facing a world where many tenants might not pay up when rent comes due tomorrow.

What we advise tenants is to communicate with their landlord first and foremost,” said Chris Havens, a veteran Brooklyn office broker at TerraCRG. “It’s wise to communicate and to get this agreed in writing and not do unilateral or uncommunicative actions.

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