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Report: Over 40% of independent restaurants are behind on rent

  • https://www.restaurantdive.com/news/report-over-40-of-independent-restaurants-are-behind-on-rent/624760/
  • Forty-one percent of small restaurants couldn’t pay rent in May, a new report from Alignableshows. This rent delinquency rate is up 8% from April and 13% from February, and erases all progress made since October 2021.
  • This change is largely attributed to rent inflation, as landlords have increased rents in recent months, according to Alignable. Fifty-two percent of small businesses have experienced rent increases, which is up 6% from April, per the report.
  • Beer, the executive said, is still viewed by many as a bargain.
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