92% of restaurants could not make December rent

The situation for New York City’s restaurateurs — and their landlords — got even more dire at the end of 2020. A new report by the New York City Hospitality Alliance found that 92 percent of restaurants could not pay their full December rent, the highest that number has been since the pandemic began. That number has also increased every month during the health crisis; in June, 80 percent of restaurateurs couldn’t afford rent, and