Rising NYC rent drives out small businesses

Global Business

The skyrocketing price of New York real estate is pushing out many small businesses. The latest casualty is New York City’s first shop to carry Chinese-made goods, Pearl River Mart. After more than four decades in business, shoppers are sad to see it go. CCTV’s Karina Huber filed this report.

Rising NYC rent drives out small businesses

Rising NYC rent drives out small businesses

The skyrocketing price of New York real estate is pushing out many small businesses.The latest casualty is New York City's first shop to carry Chinese-made goods - Pearl River Mart. After more than four decades in business shoppers are sad to see it go. CCTV's Karina Huber filed this report.