New rental deals: Commercial leases in the retail sector are evolving
Dominant retailers have begun to exercise clout as tenants. Apple’s rental deal in Mumbai’s Jio World Drive mall, for example, has an ‘exclusive zone’ clause designed to keep rival brands at a distance. Other clauses to protect tenant and landlord interests are emerging too.
Dominant retailers have begun to exercise clout as tenants. Apple’s rental deal in Mumbai’s Jio World Drive mall, for example, has an ‘exclusive zone’ clause designed to keep rival brands at a distance. Other clauses to protect tenant and landlord interests are emerging too.