New Restaurant Applications Soar; Storefront Rents Grow More Palatable

Perhaps it's because New Yorkers are inveterate foodies. Maybe it's all those late nights at neighborhood pubs fantasizing about the restaurants they will one day own. Or perhaps it's the surge of laid-off bankers looking for new career paths. 

For whatever reason, there has been a 25 percent jump in applications for new restaurant permits in New York City in the first three and a half months of 2009, as compared to the same...

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