(The Center Square) – A new survey shows that not since the pandemic have the percentage of small businesses experiencing rent problems been so high, but conditions appear to be improving in Illinois.
A survey by the small business network Alignable shows that 43% of small businesses nationwide were unable to pay their rent in full or on time in April, the highest percentage in three years. That is up four percentage points since March, also creating the largest month-to-month jump in rent delinquency in over a year.
Researcher Chuck Casto said conditions improved in Illinois at 29% of small business owners facing rent troubles.
“For March and April, it looks like many of the businesses in Illinois have been able to charge more and compensate for the inflationary times that we’re in,” said Casto.
Casto said increasing costs, including what small business owners are now required to pay for
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