Why Small Businesses Outside Manhattan Are Reeling
Rent increases are slamming businesses in the boroughs, while Manhattan commercial rents are declining.
Source: nytimes.com
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Small Businesses Kept New York Alive. Now Their Rent is Surging.
Small businesses outside Manhattan helped fuel the city’s recovery from the pandemic. Their rents have soared, and people of color are bearing the brunt of the increases.
Source: nytimes.com
New York's smallest businesses face some of its biggest rent increases
From 2019 to 2021, the latest year for which data was available, the median storefront rent per square foot jumped 23% in Brooklyn, 14% in the Bronx and 9% in Queens
Source: moneycontrol.com
Winners and losers as NYC Small Business Services weans off federal Covid stimulus
The city agency's preliminary budget is nearly 63% lower
Source: crainsnewyork.com
Winners and losers as Small Business Services department weans off federal stimulus money
The department's preliminary budget is nearly 63% lower
Source: crainsnewyork.com