Restaurants in Massachusetts have been allowed to welcome diners back to their patios and dining rooms, but some restaurateurs still have their eye on a relief bill that’s pending before the state Senate.
While some municipalities work to make it easier for restaurants to reopen with outdoor dining, the head of the Newton-Needham Regional Chamber said other businesses can help and that diners need to be prepared to pay more for a meal out.
As the economy begins to come back from the initial wave of COVID-19, it is expected that commercial lease restructuring will play a major role in business survival.
U.S. retail sales tumbled by a record 16.4 percent from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed down a sinking economy.
Restaurants owners across the U.S. are worried that a loan from the government’s coronavirus relief program could wind up being a burden instead of a blessing.
More than 100 small restaurant owners have written to Gov. Charlie Baker and Lt. Gov. Karyn Polito asking to reopen for business next Tuesday and to be allowed to ramp up to full capacity within 30 days.
Office rents are expected to decline by 14.3 percent in Greater Boston while retail rents drop 9.7 percent in 2020 as the two property sectors absorb the effects of the COVID-19 pandemic, according to a research report.
Quincy Mayor Thomas Koch plans to announce a grant program Thursday to help small businesses in that city to pay their rents.
The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court.
Government stimulus programs so far have missed the mark, retail industry groups say, leaving small merchants to build their own life rafts and search for safe harbors in the COVID-19 economic crisis.
Jesse Baerkahn founded Graffito SP in 2007 to work with Kendall Square landlords on livening up its once-forbidding streetscape and now advises advising on some of the region’s biggest future developments. Since the onset of the COVID-19 pandemic, Graffito has taken a high-profile role on social media detailing the decisions facing retail tenants and landlords.
Dire prospects for Massachusetts’ restaurant industry are prompting calls for lawmakers to slash taxes and require that insurers cover business losses from the coronavirus epidemic.
A jewelry store that offers a “ring bar” updated on a weekly basis and piercing studio is coming to Boston’s Seaport District this month.
A Montessori-inspired daycare center will occupy the entire first floor of The Rand, a condo development by Cambridge-based Urban Spaces and StoneRiver Properties.
In an age of retail turmoil, developers no longer have the luxury of setting aside ground-floor space and waiting for tenants to line up. Architect Deniz Ferendeci is part of a team that provides landlords with comprehensive design, market research and leasing services for their retail space.
