Aug. 3, 2020 By Christian Murray
Four in five bars and restaurants in New York City were unable to pay their full rent in July, according to a new study.
The NYC Hospitality Alliance released results from a survey today that found that only 17 percent of establishments were able to pay their full rent for July. The survey was based on the responses from 471 NYC restaurants, bars, nightclubs and event venues between July 15 and 28.
The survey revealed that 37.4 percent didn’t pay any rent in July. Meanwhile, 36.6 percent said they paid some, with the remainder uncertain whether they would be able to pay.