How do NYC businesses afford the rent?

Walking around the city, I’m always struck by how many businesses from restaurants and cafes to boutiques and gyms are operating in locations where rent must be sky high.

How do they actually make the math work? Is it mostly about volume, certain high margin products (like alcohol for restaurants), or do landlords cut deals to keep storefronts occupied? Or are many of these places just hanging on month to month?

How do businesses realistically survive with such astronomical rents?

submitted by /u/savingrace0262
[link] [comments]

Leave a Reply

Your email address will not be published. Required fields are marked *

Popular Categories


Useful Links

Links I found useful and wanted to share.


Search the website