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Starbucks Seeks Landlord Concessions for Pandemic Recovery

Property Owners Hash Out Rent Modifications With Several Big Chains
Starbucks recently sent a letter to landlords saying the company will require lease concessions for at least 12 months. (Starbucks Coffee)
Starbucks recently sent a letter to landlords saying the company will require lease concessions for at least 12 months. (Starbucks Coffee)
CoStar News
May 16, 2020 | 1:40 P.M.

Coffee chain Starbucks is demanding rent breaks that would last at least a year, a sign that landlords of nationwide restaurants could feel the financial fallout from coronavirus-spurred closings long after their tenants return to business.

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