45% Of Independent Restaurants Couldn't Pay July Rent (Up 7%)

Alignable’s July Rent Report is being released right now, based on a poll that concluded this morning, conducted among 3,553 small business owners.

It shows that rent struggles are severe for several small business sectors, including transportation (trucking companies & car services), restaurants, retail shops, and beauty salons. What's the cause according to SMBs? Rent hikes, labor costs/the ongoing labor shortage, the high price of gas, and reduced consumer spending are all combining to create economic instability.