You are reading

More Than 90 Percent of NYC Restaurants Couldn’t Afford December Rent: Report

Feb. 17, 2021 By Allie Griffin

Restaurant owners are struggling to keep their businesses afloat after relying on outdoor dining alone during the cold winter months.

Indoor dining just reopened in the city at 25 percent capacity last Friday, but a new report shows the toll its absence has had on city eateries.

More than 90 percent of New York City restaurants couldn’t afford their December rent, according to a survey conducted by the NYC Hospitality Alliance, a nonprofit association that represents NYC restaurants, bars and nightlife.

The survey found that 92 percent of the more than 400 restaurants who responded to the survey couldn’t pay their rent for December. That’s up from 88 percent in October and 80 percent in June, the association said.

About 40 percent of the respondents said their landlords reduced rent due to COVID-19, but just 14 percent have been able to successfully re-negotiate leases, the survey found.

The restaurant industry has shed more than 140,000 jobs in the last year due to the pandemic and accompanying restrictions, the report states. Before COVID-19 devastated the industry, New York City’s 25,000 restaurants, bars and nightclubs employed 325,000 people, according to the NYC Hospitality Alliance.

Thousands of bars and restaurants have permanently closed, the association said.

The NYC Hospitality Alliance applauded the recent return of indoor dining, but said 25 percent capacity isn’t enough to help struggling small businesses.

They want it to be increased to 50 percent as it is in other parts of the state.

“We’re nearly a year into the public health and economic crisis that has decimated New York City’s restaurants, bars, and nightlife venues,” said Andrew Rigie, executive director of the NYC Hospitality Alliance.

“While the reopening of highly regulated indoor dining is welcome news, we need to safely increase occupancy to 50% as soon as possible, and we urgently need robust and comprehensive financial relief from the federal government.”

email the author: [email protected]
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Popular places where you can watch the Super Bowl in Queens

Feb. 2, 2023 By Tammy Scileppi

Hey, football fans! Game time is fast approaching, and across the city and here in Queens, you can feel the excitement brewing as the two teams prepare to take the field on Super Bowl Sunday, Feb. 12. So, kick back and watch the big game, and don’t miss Rihanna’s exciting performance during halftime. 

Borough president hears from community members on budget needs throughout Queens

During a two-day public hearing on the mayor’s 2024 preliminary budget, Queens Borough President Donovan Richards Jr. listened to testimonies from 14 community board representatives, community stakeholders and members of the public on where the money should be spent in Queens. 

The public hearings were held both in-person and via Zoom on Monday, Jan. 30, and Tuesday, Jan. 31, at Queens Borough Hall. The testimonials will be used to develop the Queens Borough Board’s FY24 preliminary budget priorities in the coming weeks. 

‘He didn’t deserve to die’: Borough President Richards leads emotional candlelight vigil for Tyre Nichols

Queens Borough President Donovan Richards held a candlelight vigil for Tyre Nichols outside Queens Borough Hall Monday, Jan. 30 after Nichols’ death at the hands of police officers in Memphis, Tenn., made national headlines for the brutality in which the officers beat him.

Almost immediately after news broke about Nichols’ death, the Memphis police officers who beat him to death were fired and charged with murder. The police department released the body cam footage of the fatal beating on Jan. 27, but many people, including some at the vigil, have refused to watch it due to its extremely graphic nature.

BP launches new advisory panel for youth to become civically engaged in the future of Queens

In an effort to get more young people involved in civics, Queens Borough President Donovan Richards has created a new advisory panel known as the Youth and Young Adult Council to introduce the “youngest and fiercest” community advocates to both community service and organization.

Members of the advisory body will advocate concerns through means of community engagement by participating in one of two cohorts. The first will be made up of high school representatives between the ages of 13 and 17, while the second cohort will be comprised of young adults between the ages of 18 and 25.

Porn actor Ron Jeremy, who grew up in Bayside, found unable to stand trial for rape

LOS ANGELES (AP) — A Los Angeles judge on Tuesday, Jan. 17, declared that porn performer Ron Jeremy is mentally incompetent to stand trial on dozens of rape and sexual assault counts.

Superior Court Judge Ronald S. Harris said in a hearing that after reviewing reports from both prosecutors and Jeremy’s defense that he is in “incurable neurocognitive decline” from which he is unlikely to recover.