Record 7 Percent Surge Small Business Rent Delinquency In October – Mish Talk

Record Surge in Small Business Delinquencies 

Alignable reports Record Surge In Rent Delinquency: Up 7% In October, Totaling 37% For U.S. SMBs

Due to ongoing economic challenges, small business owners’ ability to pay their full rent on time in October took a major hit based on a new Alignable poll. In fact, the U.S. rent delinquency rate among small businesses jumped 7% in just one month, marking the largest, most rapid increase in 2022.

In September, rent delinquency was at a six-month low, as optimism for Q4’s earning potential was high and some small business owners reported increased sales.

But now, a month later, 37% of small business owners in the U.S. were unable to pay their rent in full and on time in October, compared to just 30% in September.