Half of Brooklyn businesses could not pay full rent in November: survey
From brooklyneagle.com
A new survey by the Brooklyn Chamber of Commerce details the city’s ongoing commercial rent crisis, as 50 percent of businesses could not pay full rent in November, up from previous months’ reporting and a troubling sign for businesses struggling to recover from the economic impacts of the COVID-19 pandemic.
Another clear signal of the stress that COVID-19 is having on the economy: 40 percent of respondents pay more than one quarter of their monthly revenue in rent and 16 percent pay more than half.