4 Options for When Your Rent Increases

"New York City restaurants have been closing due to rent increases since the introduction of fine cuisine after World War II.

In May, Craftbar, by Tom Colicchio in Gramercy, Po in the West Village and Prohibition Brewery on the UES all closed their doors due to rent increases ranging from 40% to 120%. In a recent OpEd in Crain’s New York, the former Executive Chef of Cibo in Turtle Bay, wrote about the restaurant closing on February 28th, 2016."

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