Description:
Rent inflation remains a significant challenge for small businesses, according to recent data from the Bank of America Institute. The average monthly rent share in total payments has jumped to 9.1% as of May, up from 5.9% in 2019. Some regions, like Las Vegas, see even higher rent costs. While easing wage inflation offers some relief, rent increases continue to strain budgets. Learn more about how these trends impact small business profitability and what the latest metrics reveal about the current economic climate.
Disclaimer: This video is for informational purposes only. All opinions expressed are those of the individuals featured and do not represent the views of the organization. Always refer to official sources for accurate and up-to-date information.
Additional Resources:
An article from AP News, titled "Rent inflation remains a pressure point for small businesses."
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