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Podcast: γ¬γ’γΈγ§γθ±δΌθ©± Daily News Article Podcast
Episode: High rents are forcing small businesses into tough choices like raising prices or changing location
Description: While many costs have come down for small businesses, rents remain high and, in some cases are still rising, forcing many owners into some uncomfortable decisions.
βEvery time the rent goes up, we have to raise prices to keep up with the cost,β said Adelita Valentine, owner of HairFreek Barbers in Los Angeles. βBut with the cost of living, it makes it difficult on our customers.β
Other owners are choosing to be late on payments or seeking out new locations where the rent is lower. A few are pushing back against their landlords.
Although inflation is easing, it remains a top conc...