34% of of small retail businesses couldn’t make rent in April...

[Greg R.]

https://www.bisnow.com/nationa...

Citing survey data from Alignable, 34% percent of small retail businesses couldn’t make rent in April, up 6 percentage points from February. 

Those surveyed cited: inflation, gas price spikes, supply chain issues, labor shortages, reduced revenues and increasing rent. Of those small businesses surveyed by Alginable, 46% said their rent was higher than six months ago.

Are rent increases a symptom of greed, or are they due to raising costs of maintenance, vacancy, other expenses?

This will not only have a profound impact on commercial real estate, but can also cascade into layoffs, inability to pay rents (residential), reduced travel/ leisure (STR), etc.

What do you think this signifies?