rentspikes
National rent problems are escalating for more small businesses across the U.S., both in terms of rent spikes and delinquency rates, as revenues decrease compared to last year. Rent Spikes Increase For More SMBs As 2023 ProceedsReached a record-breaking level, rising for the fifth consecutive month.55% of SMB owners report higher rent vs. six months ago, up a percentage point since May & eight percentage points since January, when it was 47%.16% say their rent is over 20% higher, up two percentage points since May.Rent Delinquency Jumps AgainAlmost four out of 10 SMBs were unable to pay June r...
ValueWalk
Rent spikes are increasing for more small business owners as 2023 proceeds, breaking a new record: 54% say they’re paying more now than they did six months ago. And 14% say their rent is over 20% higher than it was in December. Small Businesses Are Facing Rent SpikesThe 54% figure represents a steady climb in the number of small businesses dealing with higher rent prices each month in 2023 — up seven percentage points from 47% in January, as this chart indicates. Making matters worse, the average revenues small business owners are earning are dropping, as rents are rising, creating intensifyin...
ValueWalk
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