Rent struggles for NYC restaurants now worse than ever

Restaurants in New York City have been struggling to make rent throughout the pandemic, but this month marks a new devastating high. Eighty-seven percent of New York City establishments could not pay their full August rent, according to a new survey of more than 450 restaurants, bars, and nightlife venues by the NYC Hospitality Alliance. Of those, 34 percent did not pay at all. The numbers have been creeping up throughout the summer: In July,

source https://therealdeal.com/2020/09/21/rent-struggles-for-nyc-restaurants-now-worse-than-ever/