Data from cloud based commercial property management platform Re-Leased has analysed rent collection figures 21 days since 24 June, illustrating that commercial tenants in the UK have now paid 57% of rent due since the rent quarter day.

Compared to the 21 day mark in March, the 57% is slightly higher than the 54% collected in the last quarter.

On June’s rent quarter day, just 18.2% of commercial rents were collected. However, that figure rose to 46% by day seven.

While retail assets continue to be the poorest performing, office and industrial assets demonstrate improved resilience, with 65% of rent collected from both asset classes at the 21 day mark. Notably, all asset types are now reporting stronger rates of rent collection compared to March.

Tom Wallace, Re-Leased’s chief executive, said: “The rate of rent collection for the June quarter has been steadily strengthening over the past three weeks and the latest data shows that it has stabilised when compared to the same point in the cycle for March. It is very encouraging to see all asset types are now trending upwards compared to the last quarter.

“The easing of lockdown has meant more people are spending on the high street and getting back to the office, and this has restored some confidence. However, we must not overlook the fact that landlords have yet to receive almost half of rent due, and this will be causing huge financial strain.”