The delinquency rate for US small businesses climbed to a three-year high this month, reflecting the impact of rent spikes and declining revenue, according to a monthly survey.
The Small Business Rent report from Alignable, which provides an online networking platform for owners, found that 43% of small businesses were unable to pay their rent in full due to economic headwinds. That’s the highest rent delinquency rate since March 2021.
Independent restaurants are having the most trouble, with 52% not paying April rent on time. On the other hand, just 20% of small manufacturers are delinquent. . . .
I cannot understand how there are so many small strip malls still being built in the city where I live only to have the majority of the units sit empty. Not to mention older more established strip malls have multiple empty units.
Again my city is a prime example of this. It continues to fund luxury apartments that always start off with a certain number of affordable housing units but that seems to magically disappear when the buildings open.
Apparently to be a true American patriot you have to somehow live in a rural area. Yet across the US many rural areas have the highest unemployment rates and welfare recipients.
Out in my neck of the woods, most construction is upper six figure houses on many acres of land, but there are a number of starter houses under construction in Mount Airy, as well as a small apartment complex, again, in the starter range.
