45% Of Small Businesses Couldn’t Pay Their July Rent… Mass Restaurant Bankruptcies Appear Imminent
NaturalNews.com / Lance D Johnson (Natural News) According to a new survey, most small businesses are not recovering revenues that they once enjoyed in 2019, before the pandemic. The recovery rate for small businesses is a meager 25%. Approximately 75% of small business owners cannot generate the same monthly revenue they enjoyed prior to government…
NYC Tenants Owe More Than $2 Billion In Unpaid Rent As Cuomo Extends Eviction Moratorium
By Tyler Durden New shocking figures produced by a New York area landlord trade group, the Community Housing Improvement Program, finds half of all New York City apartment tenants are behind on rent to the combined tune of over $1 billion as the US begins to approach one year since the coronavirus pandemic hit America. The…
NYC Tenants Owe More Than $2 Billion In Unpaid Rent As Cuomo Extends Eviction Moratorium
New shocking figures produced by a New York area landlord trade group, the Community Housing Improvement Program, finds half of all New York City apartment tenants are behind on rent to the combined tune of over $1 billion as the US begins to approach one year since the coronavirus pandemic hit America. The group surveyed landlords…
A Record 61% Of Restaurants, 35% Of Small Businesses Can’t Pay December Rent
By Tyler Durden Another day, another restaurant doomsday story. According to the latest Alignable Rent Poll, it’s becoming increasingly difficult for small businesses everywhere to pay their rent in full and on time, given the latest COVID resurgences. The need for more federal funding is also becoming more pronounced for many of these businesses, according…
Deutsche Bank Mulls Permanent Remote-Work Requirements To Save On Rent
As Deutsche Bank CEO Christian Sewing looks to cut operating costs and headcount to try and meet lofty targets for return on shareholder’s tangible equity, he has apparently stumbled upon a novel approach that has been shunned by American rivals like JPM: Making ‘working from home’ a permanent part of Deutsche Bank’s ‘culture’. Source: Statista…
Struggling Retailers Owe $52 Billion In Overdue Rent Payments
By Tyler Durden The virus pandemic – with its temporary and permanent store closures, strict social distancing requirements, e-commerce boom, and supply chain disruption – since March has fueled uncertainty among US retailers as many find themselves in a $52 billion hole. Bloomberg, citing new data via CoStar Group Inc., outlines how restaurants, gyms, and…
These Are The Cities Where People Spend The Highest (Or Lowest) Share Of Their Income On Rent
Even as apartment rents in Manhattan and San Francisco plunge for the first time in more than 10 years, millions of American millennials, burdened by debt, blinded by poor financial literacy and preoccupied with booking that first post-pandemic vacation still can’t ever imagine owning a home. As for what the future holds, many would greet…