Logistics ‘top of the pops’ in the commercial property rent collection table

Warehouse landlords that have seen demand for space surge during the pandemic, have said they collected nearly all the rents they are due.

Unlike other parts of the commercial property market, such as high street retail, where a number of building owners have struggled to collect payments due to Covid-19 disruption, shed landlords have had more success.

FTSE 100 firm Segro, which counts Amazon and Ocado as customers, has collected 98% of rents for 2020.  

For the first quarter of 2021 it has so far received 88% of the rent due. That represents a higher collection level than at the equivalent time in the prior three previous quarters.  

Urban Logistics has received 99% of rent for the quarter to March.