A retail tenant's total occupancy cost (rent plus service charge) as a percentage of its sales; landlords watch it to judge whether a rent is affordable and sustainable, typically 10–20 percent depending on category.
Glossary & framework library
A retail tenant's total occupancy cost (rent plus service charge) as a percentage of its sales; landlords watch it to judge whether a rent is affordable and sustainable, typically 10–20 percent depending on category.
Glossary & framework library