Rent problems escalate for small business owners – 40% can’t pay – Zero Hedge

Rent Problems Escalate For Small Business Owners – 40% Can’t Pay

WEDNESDAY, AUG 24, 2022 – 11:13

Alignable’s August Rent Report is out today and, unfortunately, rent problems among small businesses (SMBs) have just broken a new record for 2022. Some 40% of small business owners could not pay their August rent on time and in full, up 6% from July. (Prior to this, the highest rent delinquency rate in 2022 was 35%).

Beyond that, the 40% rent delinquency rate is the highest in nearly 18 months, reflecting the all of the forces hindering the recovery of many small businesses.

These insights are based on Alignable’s latest poll conducted from 8/13/22 to 8/23/22 among 7,331 randomly selected small business owners.

Also, in that survey, only 23% say they’ve fully recovered to their pre-COVID revenue levels (down 2% from July). This is the worst monthly recovery rate we’ve tracked in the past year.

Here are other highlights from Alignable’s August Rent Report:

  • 45% say they’re paying at least 50% more in rent than they did prior to COVID; 24% have landlords doubling their rent, and 12% say they’re paying three times more.
  • Rent issues are even worse for minority-owned firms, as 53% of their owners say they couldn’t afford August rent, up 4% from July.
  • Most industries saw an increase in rent delinquency rates, with agriculture (50%), nonprofits (46%), restaurants (46%), automotive (44%), education (44%) and travel/lodging (44%) topping the list for August.
  • 40% of SMBs in real estate are in the same situation, doubling their delinquency rate since April, when it was 20%.
  • Regarding the states, 55% of small businesses in Colorado, 53% in Illinois, 52% in Georgia, 44% in California, 44% in New York and 40% in Texas couldn’t pay their August rent in full and on time. These are the states suffering the most with SMB rent problems.
  • On the opposite end of the spectrum, Massachusetts & Pennsylvania were the only states seeing an improvement in rent issues from July to August.
  • For Canadians, the situation is even more severe than it is in the U.S. with 48% unable to pay August rent, up 11% from 37% in July.
  • In terms of provinces, Ontario is the highest with 51% unable to afford rent, up 15% from July, when the rent delinquency rate was just 36%.


Contributor posts published on Zero Hedge do not necessarily represent the views and opinions of Zero Hedge, and are not selected, edited or screened by Zero Hedge editors.
zerohedge logo


The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)


Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.


Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.


Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

Be the first to comment

Leave a Reply

Your email address will not be published.