2020 was a year of unprecedented challenge. Industrial Property News asked Bawdens Asset Management team to provide it an understanding of how well (or not) Small Medium Enterprises (SMEs) were managing the recovery from Covid-19.

 

In a survey of 1,320 businesses the company identified that 280 businesses were the subject of deferred rental or 21%. Of those businesses 80 were repaying negotiated deferred rental in 2020 representing 28.5% of the total. 

 

A further 200 businesses or 71.5% commenced repayment of deferred rentals from 1st January. 79% of businesses were repaying on time, this outcome appears consistent with the generally strong recovery in markets, and confidence that commenced in the last quarter of 2020. 

 

With interest rates expected to remain at historically low levels we anticipate 2021 will support businesses with optimism for a further recovery in confidence and trading conditions as 2021 progresses. 

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