News | UK rent collection for June Quarter climbs to 68%

October, 2020

Re-Leased, the cloud-based commercial property management platform, has published its latest figures for the June Quarter. The new figures analyse rent collection 60-days after commercial rents were due on the 24th June and provide an indication of what to expect for the upcoming September Quarter.

The data reveals that by day 60 (24th August), commercial tenants in the UK had paid 68% of rent, up from 18.2% on the due date, and +1% compared to the same point in the rent cycle for the March quarter. However, June was still -16% compared to day 60 in the December Quarter, which saw 84% of rent collected.

Re-Leased’s latest figures confirm that each sector has marginally improved compared to the previous quarter. The retail sector continues to be the hardest hit, receiving just 60% of rents due, while the industrial and office sectors are performing significantly better at 75% and 76% respectively.

Total % of rent collected
(as of day 60)
Dec Qtr 2019
Mar Qtr 2020
Jun Qtr 2020
UK – all commercial*

*Includes other asset classes with smaller sample sizes (e.g. leisure)

Tom Wallace, Re-Leased’s CEO, commented:

“Over the course of the June quarter, rent collection climbed from a sobering 18.2% on due date to 68% by day 60, which is on par with March Quarter’s performance. Though unlike March – where organisations would have been operating as normal for the majority of the first quarter of the year - businesses across the UK felt the full force of lockdown measures for June. On one hand this shows there is a degree of resilience in the market, however, the shortfall in income for landlords over both quarters should not be underestimated. This is a substantial level of debt that runs into the billions, placing huge pressure on landlords, and it will only deepen further following the government’s recent extension to the rent moratorium. All eyes are now on September 29th and what the next quarter will bring.”

The British Property Federation estimates total rent unpaid for UK commercial property between late March and the end of December will be around £4.5 billion.

Wallace continued,

“We have been very encouraged by landlords’ efforts to support their tenants during the last 6-months, offering rent holidays, deferrals, and reductions where possible. It is crucial that tenants who can afford to pay some or all of their rent for the September Quarter do so. For those who are genuinely struggling, transparency is key. Landlords have their own financial obligations to meet and will be navigating significant cash flow problems.”

Re-Leased’s analysis is based on live rental collection data from over 10,000 commercial properties and 35,000 leases on its UK platform.


About Re-Leased 

Founded in 2013, Re-Leased is a modern cloud-based, commercial property management platform which centralises portfolio data, automates workflows, and provides live visibility for landlords, property managers, tenants, and accountants. Re-Leased now manages over 70,000 properties worldwide, including 35,000 commercial leases in the UK.


CREDIA is a property intelligence platform which combines Re-Leased’s global real estate knowledge and data capabilities to improve decision making through a suite of four online products. 

The CREDIA Index is a free to use monthly index launched in 2020 and is updated every month. It draws on Re-Leased’s extensive live, anonymised and aggregated datasets to provide insights into key trends and performance measures for the commercial real estate market.

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