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Empty tables during lunch service on Madison Avenue on Saturday, Sept. 26, 2020.

Empty tables during lunch service on Madison Avenue on Saturday, Sept. 26, 2020.

Photographer: Nina Westervelt/Bloomberg

New York Region Sees 40% Bankruptcy Surge, Braces for More

Almost 6,000 city businesses have closed. Recovery hinges on office workers’ return

The pandemic has battered New York City businesses, with almost 6,000 closures, a jump of about 40% in bankruptcy filings across the region and shuttered storefronts in the business districts of all five boroughs.

It’s going to get worse.