88% of NYC restaurants could not make October rent

Despite the return of indoor dining, restaurants are still struggling to make rent. A record high 88 percent could not pay full October rent, according to the latest survey of more than 400 restaurants, bars and nightlife venues by the New York City Hospitality Alliance. That percentage has gradually increased throughout the pandemic. In June, 80 percent of respondents didn’t make full rent. In July that number crept up to 83 percent. And in August