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Kol Haolam · Oct 17, 2026

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New York lost nearly 2,000 restaurants year-over-year in Q1 2026—the largest annual decline in at least 36 years, exceeding the restaurant losses of any quarter during COVID — as soaring insurance, utility and labor costs squeeze businesses.

New York lost nearly 2,000 restaurants year-over-year in Q1 2026—the largest annual decline in at least 36 years, exceeding the restaurant losses of any quarter during COVID — as soaring insurance, utility and labor costs squeeze businesses.

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