Episode Notes

Hey everybody, this is Gene Marks and welcome to this week's edition of The Hartford's Small Biz Ahead podcast. Thanks so much for joining me. This week, let's talk about your rent. According to a recent survey that was conducted by business networking platform Alignable, approximately 40% of the more than 7,300 small business owners they surveyed said that they couldn't pay their rent. Unfortunately, that number has grown by about 6% in just the past month. I mean, it's certainly a ominous sign. Don't you think? Is the same rent crisis affecting businesses all over the country. The answer is, yeah. I spoke to a bunch of real estate agents around and they're also reporting that many small businesses are experiencing volatility and some of them are being forced out of their locations as a result. This is everywhere from grocery stores to dry cleaners that are unable to pay their rent for the commercial space that they have.