( ) -q-26- UNDATED (Correspondent Jeremy House) “or better space.” Rent inflation remains a pressure point for small businesses. [CutID: <Cuts> RENT-INFLATION-house-q-TUEpm.mp3 Time: 26s Title: RENT-INFLATION-house-q-TUEpm Out-cue: or better space] TAG: Correspondent Jeremy House reporting. Bank of America says easing wage inflation has taken some pressure off of small businesses. —————————- VERBATIM: The Bank of […]
Audio
Rent inflation remains a pressure point for small businesses
( ) -q-26- UNDATED (Correspondent Jeremy House) “or better space.”
Rent inflation remains a pressure point for small businesses.
[CutID: <Cuts> RENT-INFLATION-house-q-TUEpm.mp3
Time: 26s
Title: RENT-INFLATION-house-q-TUEpm
Out-cue: or better space]
TAG: Correspondent Jeremy House reporting. Bank of America says easing wage inflation has taken some pressure off of small businesses.
—————————-
VERBATIM: The Bank of America Institute found that average monthly rent payment growth for the bank’s small business clients rose 12% year-over-year in May. The rent payments per client closely track the nonresidential real estate rents component of the Producer Price Index. The index suggests the increases are largely due to inflation rather than small businesses upgrading to bigger or better space.