Bay Area restaurants struggle to scrape living
By Liu Yinmeng in Los Angeles | China Daily | Updated: 2018-12-21 08:13
Mounting rents and labor costs among factors contributing to the pressure
Skyrocketing commercial rents exacerbated by a high cost of living in the Bay Area have taken a toll on some restaurant owners in San Francisco, forcing them to cope with a shrinking bottom line.
"It's a losing proposition to open a restaurant in San Francisco these days," said Erik Reese, a restaurant specialist from TRI Commercial, a real estate company based in Northern California.
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