Reported about 2 months ago
As inflation decreases, small businesses continue to struggle with soaring rents, leading owners to make difficult decisions such as raising prices or relocating. Even with efforts to manage costs, many are unable to keep up with rent increases—averaging 11% year-over-year for small businesses—forcing some to negotiate late payments or push back against landlords. The challenges highlight the ongoing pressure on business owners as they navigate the delicate balance between maintaining profitability and serving their customers.
Source: YAHOO