Source: 1851 Franchise —
Of the many industries disrupted by the COVID-19 pandemic, commercial real estate was among the hardest hit. One might reasonably assume that a struggling commercial real estate sector would be good news for franchisees hoping to secure more flexible contracts, but according to a recent article in Franchise Times, the real estate world’s rough year was not the boon for franchising many had hoped for.
According to Joseph Wasch, a Franchise Times writer and senior partner at Wasch Raines, the reason commercial leases haven’t been overhauled is that the sector at large remains bullish on its future.
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